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Finance committee: district used $1 million of reserves this year; SB9 failure, next-year outlook remain concerns
Summary
Finance subcommittee members reported the district tapped about $1 million from cash reserves this year (less than an earlier $3 million projection) but expect a roughly $3 million deficit next year; failure of SB9 funding and maintenance needs remain central budget risks.
The board's finance subcommittee reported on the district's fiscal status and budget planning.
Director of Finance Michelle McCain and committee members said the district's current-year need to use cash reserves was lower than earlier projected. Instead of the previously discussed $3 million, the district used about $1 million from reserves so far this year, the subcommittee said. Committee members cautioned that next…
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