The Floyd County Board of Education unanimously approved a $129.5 million budget for fiscal year 2026 during its June 16 meeting. Superintendent Glenn White said the proposed millage rate, estimated at 16.853 mills, could be the lowest in two decades.
Despite rising costs, the budget only increased by about $100,000 compared to 2025. White credited staff reductions and phased-out positions for keeping expenses steady. He also noted the district plans to adopt a rollback rate, allowing most taxpayers to pay the same in property taxes despite higher property values.
Final millage figures are expected from the county assessor’s office by the end of July, delayed by new legislation (HB 581). The school board will set the official rate once those numbers are in.
