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Superintendent reports balanced budget in Q2; board warned of state, federal and bargaining uncertainties
Summary
Superintendent Castaneda told the Salem‑Keizer School District board that the district’s quarter‑2 financial forecast shows a balanced budget and an estimated ending fund balance rising to about $99 million, but she warned that state legislative outcomes, licensed bargaining and federal funding uncertainty could change projections.
Superintendent Castaneda presented the district’s quarter‑2 financial overview and told the board the district remains balanced but faces significant revenue and cost uncertainty going into budget season.
Castaneda said the district’s quarter‑1 ending fund balance was “right around $91,000,000” and that quarter‑2 projections show an expected ending fund balance of “about $99,000,000,” helped in part by higher interest revenue and slightly lower expenses. “We are actually spending the amount of money that…
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