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Superintendent signals planned mid-year reductions as district tracks toward shortfall; lawmakers’ bills could alter outlook
Summary
Interim superintendent John Cook told trustees Feb. 28 that Gresham‑Barlow faces a possible mid‑year general‑fund shortfall unless the district scales back discretionary spending and freezes nonessential hiring; Cook outlined a tiered $8.7 million reduction plan tied to state revenue assumptions and pending legislation.
Gresham-Barlow interim superintendent John Cook told the board Feb. 28 that district finance staff have identified a projected general‑fund shortfall tied to rising costs and slower revenue growth and presented a multi-step plan for mid‑year reductions.
Cook said preliminary figures show the district’s projected ending fund balance would fall below the board’s 8 percent minimum unless the district takes corrective steps. He reported the district’s projected ending-fund balance was near 6.89 percent under the current assumptions and that the district had identified roughly $8.7 million in potential reductions if the governor’s preliminary revenue…
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