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CFO reports stable collections; board authorizes placing 18-mill levy on ballot if needed and accepts tentative UAW agreement
Summary
CFO Jeremy Vedida reported collections and an emergency-loan supplemental payment; the board tied and approved two administrative items: authorization to place a non-homestead 18-mill levy on a future ballot if necessary and a tentative collective bargaining agreement with UAW covering transportation and warehouse staff.
Chief Financial Officer Jeremy Vedida told the board the district’s revenue and expenditures through November were roughly in line with projections, with local and state revenue higher than forecast and federal revenue lower because of timing differences. Vedida said the district made a supplemental debt payment on an emergency loan of roughly $250,000 and that, after that payment, about $5 million remained on the emergency operating loan. He told the board the district ended November with "approximately 21 weeks of available cash" across funding sources.
Vedida also confirmed…
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