School board sets 2019-20 budget

Colfax Business Manager Reece Jenkin took the school board through a proposed 2019-2020 budget Monday night in a work session before the three members on hand approved it in their regular meeting.

The budget is for 546 students projected, with total expenditures of $8,258,755 and total revenue of $7,985,000. The $273,000 deficit will be covered by reserves.

Jenkin explained later to the Gazette that reserves have built up in recent years, and it was expected that they would be tapped this year after changes in levy rules from the state.

In 2018, Colfax collected $1.3 million from levies. In 20...