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LAUREL — The Laurel-Concord-Coleridge School 202526 budget totals $16.94 million, up 15.7% from last year’s actual/ estimated spending of $14.64 million.
The district plans to collect $9.69 million in property taxes — $8.59 million for non-bond purposes and $1.09 million for bonds — alongside $7.87 million in other resources.
A $525,000 cash reserve is included in the General Fund.
The increase is led by the General Fund, which rises to $11.22 million, up $1.19 million (11.8%) from a year ago.
Special Building climbs to $2.42 million, a $413,000 (20.6%) jump that signals higher capital project work, while Bond spending grows to $1.40 million, up $321,000 (29.8%) for debt service.
The Depreciation fund expands to $337,000, an increase of $231,000 (216.5%) that points to more equipment or bus replacement. Smaller gains appear in Activities (up about $78,000, 17.7%), School Nutrition (up $58,000, 11.5%), Cooperative (up $65,000, 24.1%) and Employee Benefit (up $28,000, 40.7%).
The only notable decline is Qualified Capital Purpose Undertaking, down $94,000 (68.6%) to $42,923, indicating that obligation is winding down.
About two-thirds of all planned spending sits in the General Fund, with the Special Building and Bond funds accounting for roughly 14% and 8%, respectively. Activities and School Nutrition together make up about 6% of the total.
