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Treasurer outlines improved revenues, high health‑insurance costs and $4.6M in summer capital projects
Summary
The treasurer told the board that higher state revenue and improved property‑tax settlements increased the five‑year forecast by about $6.1 million since May, but the district faces a 9.3% health‑insurance renewal and $1.4 million in outstanding permanent improvement encumbrances.
Forest Hills Public Schools Treasurer presented the district’s revised financial forecast, investment results and benefits rates, telling the board a combination of higher state funding and revised property‑tax settlements improved the district’s projected five‑year outlook while rising health‑insurance costs and ongoing capital encumbrances remain pressure points.
Why it matters: multi‑year forecasts guide staffing, programs and capital decisions. The treasurer said House Bill 96 changed the statutory timing for forecasts and this fiscal year’s first submission must be filed by Oct. 15, 2025, requiring the board to act…
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