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Treasurer warns of tighter operating outlook; board hears five‑year forecast and state funding impacts
Summary
Treasurer presented a five‑year forecast showing flat revenue projections and increased costs that could reduce reserves by 2028 under current assumptions; board discussed enrollment growth and state funding changes including references to the fair school funding plan and recent legislative activity.
Treasurer Mr. Schenkel presented the district's five‑year forecast and warned that, under current assumptions, the district's cash reserves could be drawn down beginning in fiscal 2028. He said unrestricted state aid and restricted grants are effectively flat for the next few projected years, while forecasted cost increases — including a 10% health care inflation assumption and 4% raises in the model — drive expenditures higher.
"So worst case scenario, you know, 2028, we're dipping into what we've got on here now," Mr. Schenkel said, describing the projection where the district's reserves decline several years out. He…
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