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Board adopts strategic financial plan and $302.7 million budget; rainy‑day reserve eliminated
Summary
The board approved the district’s strategic financial plan update, adopted a $302,669,125 budget and a DBDB fund‑balance modification that removes the sustainability reserve. Staff said the district cut $10.7 million and expects PERS cost pressure could create deficits in later years.
The Tigard‑Tualatin School District Board on June 9 approved a five‑year strategic financial plan update and adopted the district budget for 2025‑26 at $302,669,125, while also approving a fund‑balance modification that reduces the district’s reserves.
A staff presentation described updated forecasts, program investments and recent budget reductions. A district staff member who presented the financial plan said year‑to‑year investments were adjusted and that “the investments for the 5 year plan decreased by approximately $3,000,000 from last year” after a $10,700,000 budget reduction. The presenter cited updated enrollment assumptions (11,184 students), a general fund operating expense forecast near $180,000,000 and an estimated expenditure per pupil…
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