The Vincennes Community School Corporation gave approval Monday to advertise its proposed 2026 budget, totaling just over $44 million.

The largest share—about $24.8 million—is earmarked for the Education Fund, which Superintendent Greg Parsley noted is driven largely by state funding formulas tied to enrollment. Operations would receive $10.6 million, with $4.6 million set aside for debt service and $4 million for the Rainy Day Fund.

The proposal carries an advertised tax rate of $1.3263 per $100 of assessed value, lower than last year’s original estimate. Parsley said actual rates often come in lower than advertised because of state adjustments, and last year’s final rate was about 91 cents.

He told board members the Operations Fund continues to feel the greatest strain due to property tax caps, with utilities and contracted services like food operations requiring supplemental transfers from other funds. Debt service, meanwhile, remains fully funded to cover projects such as ongoing high school renovations.

The budget will be presented at a public hearing before a final adoption vote, then submitted to state officials for approval.