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Oregon City Schools approves 5-year forecast, creates capital projects fund amid state budget uncertainty
Summary
Board adopted its May 2025 five-year financial forecast and approved a resolution to establish a capital projects fund after treasurer staff warned that pending state proposals to cap general-fund cash balances could force districts to return money to taxpayers.
The Oregon City Schools Board of Education on May 20 adopted its second five-year forecast for the 2024–25 fiscal year and approved a resolution to establish a capital projects fund, actions the board took after treasurer staff described state-level budget proposals that could reduce how much cash districts may retain.
Treasurer staff presented the forecast and recommended steps to smooth future budget volatility, including a standing transfer into a severance fund and the creation of a capital projects fund to hold money for facility work without counting toward general-fund ending-balance limits. Acting Treasurer Jennifer Sumoff told the board, “This is the second forecast for this fiscal year.”
Why it matters: presenters said a wave of proposals in Columbus — including a plan discussed in the House that would limit general-fund ending balances to a 30 percent cap (the senate reportedly considering higher…
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