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Treasurer warns May forecast will need scenarios amid pending state policy changes
Summary
District treasurer Judy told the board that pending state legislation and a new auditor financial-health indicator will complicate the May forecast; board members asked for scenario analyses and possibly a special work session in early May.
Mount Vernon City Treasurer Judy told the board the district’s May financial forecast must account for several pending state-level proposals that could change revenue and reserve expectations.
Judy said the March closing shows revenues and expenditures close to projections, with property-tax receipts largely in and expenditures running slightly above expectations because of salary and supply…
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