SCHOOL: Financial questions still need to be worked out by board

Harper Junior High to BrightView Landscape Development Inc.

Further discussions regard the May budget update. On May 12, Gov. Gavin Newsom released his revised proposal for the 2023-24 State Budget. Unfortunately, there’s a lot of uncertainty in the budget as the Annual State Tax receipt deadlines were deferred from April to October and the Legislative Analyst Office (LAO) has a lower estimate for state revenues.

Public hearings will also make an appearance in the meeting. The first will regard the 2023-24 community facilities district No. 1 tax rate. Under the provisions of the resolution establishing Community Facilities District No. 1, the Board of Education is granted the authority to adjust the CFD No. 1 tax rate by a maximum of 4.63% per year. The purpose of the hearing is to allow the public to comment on the proposed adjustment of 4.63% to the current CFD No. 1 tax rate of $285.15. The proposed adjusted rate will increase to $298.35 per special tax unit.

Next will be a public hearing on the 2023-24 community facilities district No. 2 tax rate. This public hearing will allow the public to comment on the proposed adjustment of 4.63% to the current CFD No. 2 tax rate of $0.8512 per square foot of residential property and $0.1276 per square foot of commercial property.

The meeting itself is set to begin at 6:30 p.m. at the Community Chambers, 23 Russell Boulevard in Davis.