District news
2027 budget adopted; debt service levy can rise about 40%
What happened
On Oct. 20, 2026, the board voted 7-0 to adopt the 2027 operating budget, levy and rates, the 2027 capital projects plan and the bus replacement plan. The budget notice lists $11,925,050 in total budget estimates and up to $4,213,792 to be raised from property taxes, compared with a current levy of $3,573,048. The debt service fund's maximum levy is $1,757,919, up 39.94% from $1,256,187.
Why it matters to families
The property tax levy is what local taxpayers pay. The biggest increase is in the debt service fund, which repays borrowing.
The evidence
Form 3 Notice to Taxpayers (2027): Debt Service budget $1,679,050, maximum levy $1,757,919, current levy $1,256,187, 39.94%. Oct. 20, 2026 minutes: '2027 Budget, Levy, and Rates ... Motion carried 7-0.'
The source
2027 Budget Notice to Taxpayers (Form 3)See the full record for North Vermillion Community School Corporation.
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