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Bedford treasurer warns five-year forecast shows declining cash balance; bond dollars reserved for new buildings
Summary
Taylor, treasurer of Bedford City Schools, presented a five-year budget forecast showing flat revenue, rising expenditures and a falling cash balance and stressed that bond proceeds are restricted to capital projects, not district operating costs.
Taylor, treasurer of Bedford City Schools, told the board the district’s five-year forecast filed in March shows revenues essentially flat while expenditures rise, producing a steady decline in the district’s cash balance.
“Right now, this is our 5 year forecast,” Taylor said. “If you kind of look at this at high level view, you’ll see our revenue is the green. There’s a slight increase when you go from 25 to 26. … But after that, we’re pretty much flatlined because we don’t anticipate any new kids.”
The forecast figures presented trace revenue sources and…
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