The Madison Central School Board approved the 2026-27 budget during their regular meeting on Monday.
The proposed 2026-27 budget for the Madison Central School District totals $18.63 million, a decrease of $4.82 million from the adopted 2025-26 budget of $23.45 million.
The largest change comes in the Capital Outlay Fund, which drops from $7.62 million to $2.76 million, a reduction of $4.86 million. The General Fund also decreases slightly, while Special Education increases by $114,000. Smaller increases are proposed in Bond Redemption, Food Service, and Driver’s Education, while the Health Plan Fund remains unchanged at $1.5 million.
The district expects to receive nearly $12.24 million in local revenue, including:
- $9.96 million from property taxes
- $2.28 million from other local sources
State funding is projected at $5.33 million, while federal revenue is estimated at $951,000. The district also plans to use approximately $27,500 from fund balances to help finance the budget.
The board then approved the annual budget resolution, that includes the district requesting General Fund levies of $1.051 per $1,000 of taxable valuation on agricultural property, $0.669 per $1,000 on owner-occupied property, and $4.867 per $1,000 on commercial and other nonagricultural property.
The district is also requesting a Special Education Fund levy of $1.449 per $1,000 of taxable valuation.
In addition to the valuation-based levies, Madison Central is seeking several dollar-based levies, including $2.935 million for the Capital Outlay Fund, $506,000 for the Bond Redemption Fund, and $250,000 through the district’s voter-approved opt out authority.
Monday’s board meeting was also the last for Superintendent Joel Jorgenson, who is retiring at the end of the month.
New Superintendent Dr. Van Regenmorter will begin her duties on July 1st.
