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Pasco board hears $4.8 million midyear gap, directs staff to prepare levy planning
Summary
District finance staff reported a projected $4.8 million gap against board-authorized expenditure authority and outlined short-, medium- and long-term responses; the board gave staff a nonbinding consensus to prepare for a replacement levy and continue budget-management steps.
Kevin Hebden, head of financial services for Pasco School District, told the school board the district faces a projected $4.8 million shortfall against board-authorized expenditure authority for the 2024–25 fiscal year and outlined steps staff are taking to address that gap.
Hebden told the board the district has spent about $172.7 million in the first half of the year and that if spending patterns continued as in prior years the forecast would reach about $337.7 million, exceeding the board-authorized level by about $4.8 million. He cited rising insurance premiums, higher operating costs, the cap on local levies and state funding gaps for special education as drivers of “financial tension.”
The presentation included numbers Hebden and staff described as the current best estimates: health and liability premiums rose from roughly $2.3 million in 2020–21 to…
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