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April 19, 2024 •
News

School Board Approves Budget 

Approved budget 2025

The Ankeny Community School District’s fiscal year (FY) 2025 certified budget was approved by the school board at the April 15, 2024, board meeting. The budget year proposed tax rate for FY25 is 16.05, which is $0.95 lower than the current year tax rate of $17.00 and $6.30 lower than the district’s high of $22.35 in 2011.

“We are pleased to present a budget that provides rich student experiences, a talented workforce, and modern facilities. The ability to serve students at a high level while maintaining our financial position remains a priority for FY25 and beyond,” said Jennifer Jamison, Chief Financial Officer for the district. “As we look toward FY26, we will need to prepare for a reduction in expenditure levels to align with annual spending authority. ”

The district, committed to maintaining its strong financial health, is expected to continue this trend into FY25, and is projected to meet solvency ratio targets set by board policy. Other key highlights of the budget include:

  • The legislature set 2.5% as the FY25 Supplemental State Aid (SSA) increase. The resulting Ankeny “tuition” cost per student for FY25 budget is $7,826.
  • The proposed FY25 budget levy of $16.05 per $1,000 taxable valuation is anticipated to decrease taxes for residential homeowners. This means a reduction of $38.21 per month for a house valued at $250,000, assuming no change in assessed values. Similarly, a commercial property owner with business property valued at $750,000 would see taxes decrease by $53.44 per month, assuming no change in assessed values.
  • Ankeny’s taxable valuation of $378,485 per pupil is lower than the state average of $407,840 per pupil. The composition of this taxable valuation includes 73.63% residential, 22.07% commercial, and 4.3% other. Five years ago, this mix was 73.2% residential, 23.2% commercial, and 3.5% other.