Six‑Year Financial Outlook Shows Potential Budget Shortfall by 2030, Board Told
Administrator Holiday presented a six‑year projection showing the district could run a deficit around fiscal year 2030 under baseline assumptions; board discussed mitigation options including holding vacancies, adjusting reserve contributions, and potential future levy options. The outlook noted a $468,000 ambulance on order and a $500,000 reserve transfer this year.
The full story
Administrator Holiday walked the board through an interactive six‑year financial projection during the Sept. 17 meeting, explaining the methodology (property‑tax growth modeled at 3% annually, ambulance/ambulatory billing trends, personnel COLA at 3%, healthcare escalating at 6% and baseline PERS increases). Using baseline assumptions, the projection showed an erosion of net working balance with the district crossing into a deficit near fiscal year 2030 under current parameters.
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