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Finance committee flags $72 million deferred‑maintenance need if April bond fails; treasurer outlines revenue timing
Summary
Finance staff reported a February transfer of $4,460,223.64 and outlined revenue timing that could add roughly $5 million in estimated state aid; district leaders said core 'safe, warm and dry' capital needs total about $72 million and that failure of the April bond likely would require a targeted voter ask or other revenue options.
The Lee's Summit R‑VII finance committee reviewed February financials on March 17 and discussed contingency plans if voters do not approve a bond measure in April. Finance staff said a transfer of $4,460,223.64 was typical for the month and that several revenue timing items — including payment‑in‑lieu (PILOT) receipts for tax‑increment financing and an estimated average daily attendance (ADA) payment from DESE — account for most of the month‑to‑month variance.
Mister Holder, who presented the treasurer's report, told the committee that the district is about two‑thirds of the way through the fiscal year and that an…
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