Greenwood School District Asking Residents to Approve 4-Year Operational Referendum

Monday, March 11th, 2024 -- 3:01 PM

The Greenwood School District will be asking residents living within the School District to approve a 4-year operational referendum on the April 2nd ballot.

This referendum would replace the current referendum, which is set to expire after the next school year. The referendum would allow the District to exceed the revenue limit by $225,000 in the 2024-25 school year, $1,525,000 for the 2025-26 school year, $1,625,000 for the 2026-27 school year, and $1,725,000 for the 2027-28 school year.

The District is asking for $225,000 this next school year, even though the current referendum is still in place, because it will cover the projected deficit. The District is currently over $3,000 per student behind the standard rate of inflation since the inflation indicator was stopped from being used to calculate per pupil funding.

The goals of the School Board with this referendum are to maintain student programming by operating a balanced budget, maintain a healthy fund balance to avoid any short-term borrowing, and keep the mil rate at a place lower than it has traditionally been in the District.

Feel free to contact us with questions and/or comments.