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Treasurer warns proposed state cap on carryover could erase $20M from district forecast
Summary
Treasurer Jenkins presented an updated five‑year forecast showing a smaller revenue projection and warned that language in the state budget (HB96) capping district carryover at 30% could require refunds or transfers that would materially change the district’s financial plan.
Treasurer Jenkins told the board April 28 that the district’s updated five‑year forecast shows revenue and expenditure changes since November and cautioned that proposed state budget language could significantly reduce the district’s allowable ending cash balance.
Key numbers and changes Jenkins said the forecasted revenues in the current cycle are roughly $1.5 million lower than the November projection, primarily because of about $800,000–$900,000 in reduced real‑estate collections and about $700,000 less in income‑tax sharing tied to an expired abatement. On expenditures, Jenkins said she expects actual spending to be somewhat lower than currently budgeted and still projects a positive ending cash balance this…
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