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Kings Local treasurer warns of flat state funding; board faces levy-or-cut decision
Summary
District finance leaders told the board the current forecast shows flat state revenues and rising expenses, leaving the district headed toward spending down reserves unless the board pursues new local revenue or program cuts.
The Kings Local School District treasurer briefed the board that current financial forecasts show relatively flat state funding and continued inflationary expense growth, leaving the district to decide on revenue measures or spending cuts ahead of the next fiscal year.
The treasurer said the most recent draft forecast is within 1% of the November projection, but repeated state-level proposals create uncertainty. Under…
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