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Treasurer warns legislative risk and preschool costs will pressure district finances despite new levy
Summary
Treasurer Todd Johnson presented a revised forecast showing an overall positive cash balance but warned state legislative changes and the addition of preschool will put pressure on future revenues; the board approved the forecast.
Todd Johnson, Marysville's treasurer/CFO, presented the district's revised multi-year forecast Sept. 18 and briefed the board on legislative risks, a recent reappraisal and preschool costs that affect future revenue projections.
Johnson said the district's ending cash balance remains positive throughout the forecast, but expenditures exceed revenues year-over-year, driven in part by new preschool staffing and services. He described accelerated deadlines and a…
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