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District reports midyear finances: revenues up 26% since 2020, projections show moderate growth
Summary
District finance staff presented historical finances and 3–5 year projections showing a roughly 26% revenue increase since 2020 driven by a redesigned EBF funding model and ESSER funds; projected revenue growth of about 7% over three years and salary/benefit increases of roughly 9% were highlighted.
A district finance staff member presented historical revenues, expenses and midyear projections to the board. The staff member said revenues have increased about 26% since 2020, primarily because the state redesigned the Evidence‑Based Funding (EBF) model and because the district received ESSER funds. The staff member showed historical expense trends that rise in step with salaries and benefits.
For forward projections the presentation estimated roughly a 7% revenue increase over the next three years and about a 12% increase over five years across all sources; salaries and benefits were projected to grow in the 9% range. The presenter specifically noted higher health‑insurance costs as a driver of salary/benefit expense growth and cautioned that projections for years four and five are subject to high uncertainty.
When asked about potential federal policy changes, the presenter said that even if the U.S. Department of Education’s role changed, historically federal funding has accounted for about 7–8% of the district’s revenue and the district would likely see only modest shifts in local totals. The staff member emphasized that projections are evolving and that the district monitors changes as more data become available.
Board members asked no substantive follow‑up questions during the presentation. The presentation was informational; no budget decisions or motions were made at this time.
