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Beach Park CCSD 3 projects stable finances under conservative five‑year assumptions
Summary
District finance staff presented five‑year financial projections showing the district remains financially healthy under conservative revenue and expenditure assumptions; key assumptions include 5% annual growth in equalized assessed value, $300,000 average new property growth, and a projected 2026 health‑insurance premium increase of 9.63%.
The district’s finance administrator, Frank, presented five‑year financial projections intended as a planning tool to illustrate fiscal outcomes under a set of conservative assumptions.
Frank summarized revenue assumptions: a 5% annual increase in equalized assessed value (after removing an outlier year), $300,000 per year in new property growth (conservative vs. an eight‑year average of $450,000), and evidence‑based state funding assumed to increase 5% annually. He said the…
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