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Jamestown Schools got a clean audit, but face a 7.5% tax hike to cover rising costs and shrinking reserves.
Jamestown Public Schools earned a clean audit for the 2024-25 fiscal year, the highest rating, with no significant financial issues found.
The audit, conducted by Buffamante Whipple Buttafaro, included standard recommendations on financial controls and fund balance management, with the district’s fund balance at about $12.088 million.
The school board also approved a lease for a fueling station at 240 Harrison Street, with commitments to preserve environmental areas.
Meanwhile, Jamestown’s proposed 2026 budget includes a 7.5% property tax increase to $17.96 million due to declining assessments and rising costs, relying on $3.34 million from reserves, which officials warn could be depleted in two years.
Las escuelas de Jamestown obtuvieron una auditoría limpia, pero se enfrentan a un aumento de impuestos del 7.5% para cubrir los costos crecientes y la reducción de las reservas.