District news
2027 budget adopted; debt tax levy may rise 38%
What happened
On September 21, 2026, the board adopted a $20,713,200 budget for 2027: Education $12.72 million, Operations $5.35 million and Debt Service $2,643,200. The advertised maximum debt levy is $3,000,000, up 37.75% from $2,177,811, and the operations levy is up 9.54%. The minutes say actual tax rates are expected to come in lower once the state sets them.
Why it matters to families
Most of the district's spending, and part of local property taxes, are set by this budget.
The evidence
The 2027 Form 3 Notice to Taxpayers lists each fund's budget and the maximum levies: Debt Service $3,000,000 against a current $2,177,811 (37.75%), and Operations $4,600,000 against $4,199,307 (9.54%).
The source
2027 Budget Form 3 Notice to TaxpayersSee the full record for South Vermillion Community School Corporation.
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