FY2026-FY2031 Proposed Capital Improvement Program

FY2026 Proposed Budget Capital Improvement Program

Introduction

REVENUE SOURCES A special revenue source was established in 2025 with an additional $.05 added to the property tax rate. This funding is for the Dedicated Reserve for Future Years for School Construction which will be applied toward school construction projects that will not increase new student capacity. Funding is budgeted to be utilized in the FY2026-FY2028 CIP budgets.

Dedicated Reserve for Future Years School Construction

Estimated Revenue Funds Utilized Balance

FY2025Adopted Budget FY2026 Proposed Budget

21,346,438

21,346,438 23,247,569

FY2026 Middletown Co Located ES/MS

11,263,053 2,579,282 20,752,658 5,000,000 14,950,942 14,191,500

FY2026 Brunswick High School

FY2026 Twin Ridge ES Limited Renovations FY2026 Hillcrest ES Limited Renovations

4,999,014

FY2027 Proposed Budget

24,701,207

FY2027 Brunswick High School

FY2027 Hillcrest ES Limited Renvoation

557,779

26,010,371

FY2028 Proposed Budget

FY2028 Brunswick High School

26,549,513

18,637

FY2029 Proposed Budget FY2030 Proposed Budget FY2031 Proposed Budget

27,407,558 56,248,092 86,617,174

27,388,921 28,840,534 30,369,082

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