Proposed budget for Kingston City School District for 2026-27 school year.

Kingston City School District

2026-27 Property Tax Report Card

Budgeted

Proposed Budget

Percent

2025-26

2026-27

Change

(A)

(B)

(C)

Total Budgeted Amount, not Including

Separate Propositions

249,522,500

258,079,830

3.31%

3.429482311

A. Proposed Tax Levy to Support the Total Budgeted Amount 1

125,791,600

B. Tax Levy to Support Library Debt, if Applicable

0

130,877,575

4.04%

4.043175379

0

C. Tax Levy for Non-Excludable

Propositions, if Applicable²

D. Total Tax Cap Reserve Amount Used to Reduce Current Year Levy, if Applicable

E. Total Proposed School Year Tax Levy (A+B+C-D)

0

0

0

125,791,600

0

130,877,575

F. Permissible Exclusions to the School Tax Levy Limit

8,322,808

9,691,762

G. School Tax Levy Limit, Excluding Levy for Permissible Exclusions 3

117,825,009

121,185,813

H. Total Proposed School Year Tax Levy, Excluding Levy to Support Library Debt and/or Permissible Exclusions (E-B-F+ D)

117,469,201

121,185,813

I. Difference: (G-H): (negative value requires 60.0% voter approval)

2

Public School Enrollment

Consumer Price Index

355,808

0

6,007

5,760

-4.11%

4.111869486

2.95%

2.63%

-10.8474576271186000%

1 Include any prior year reserve for excess tax levy, including interest.

2 Tax levy associated with educational or transportation services propositions are not eligible for exclusion under the School Tax Levy Limit and may affect voter approval requirements.

3 For 2024-25, include any carryover from 2023-24 and exclude any tax levy for library debt or prior year reserve for excess tax levy, including interest.

Fund Balance

Adjusted Restricted Fund Balance

Assigned Appropriated Fund Balance

Adjusted Unrestricted Fund Balance

Adjusted Unrestricted Fund Balance as a Percent of the Total Budget

Reserve Name

CAPITAL RESERVE

Schedule of Reserve Funds 3/31/26 Actual Balance

6/30/26 Estimated Ending Balance

1,975,587

1,961,481 $

RESERVE FOR

$

2,548,336 $

2,548,336

REPAIRS

UNEMPLOYMENT

RESERVE

Actual

2025-26 (D)

Estimated 2026-27 (E)

29,910,157

29,910,157

5,500,000

3,500,000

3,027,523

6,827,523

1.50%

2.65%

Intended Use of the Reserve in the 2026 27 School Year

To fund any upcoming capital projects that require voter approval.

To fund any immediate and emergency repairs.

To fund any payments to the state 502,863 unemployment insurance funds in excess of the amount budgeted. Allocate 350,000 of sale proceeds to offset tax levy.

S

499,268 $

RESERVE FOR TAX

REDUCTION

S

455,739 $

468,023

DEBT SERVICE

S

236,111 $

238,177

RESERVE

PROPERTY LOSS

$

RESERVE

2,803,831 $

2,821,138

LIABILITY RESERVE

$

142,620 $

148,004

TAX CERTIORARI RESERVE

$

1,973,673 $

1,990,684

EMPLOYEE BENEFIT

ACCRUED LIABILITY

RESERVE

2,028,525 $

2,046,055

EMPLOYEE

RETIREMENT SYSTEM $

8,082,821 $

8,147,997

RESERVE

TEACHER

RETIREMENT SYSTEM $

3,435,396 $

3,471,949

RESERVE

S

24,167,781 $

24,358,813

To cover debt service payments on outstanding obligations (bonds, BANS) after the sale of district capital assets or improvements. To pay any property loss claims that might

be incurred.

To pay any liability claims that might be incurred.

To pay for any tax certiorari claims. settlements, or court orders.

To offset any required accrued employee liabilities.

To offset any required retirement system contributions in excess of budgeted amounts.

To offset any required retirement system contributions in excess of budgeted amounts.