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Board hears budget forecast tied to 4K; administrators recommend one‑time fund balance drawdown to limit multi‑year tax impacts
Summary
District finance staff presented four budget scenarios showing how a universal 4K program would affect fund balances and recommended a one‑time fund balance drawdown to avoid spreading state‑aid penalties and tax impacts over multiple years.
District finance staff presented a multi‑scenario budget forecast showing how a universal 4K program would interact with the district’s fund balance strategy and recommended a one‑time fund balance drawdown as the preferred approach to reduce long‑term taxpayer effects.
Administrators laid out four scenarios: (1) no 4K with annual fund‑balance draws to support capital maintenance (Fund 41), (2) no 4K with a one‑time fund‑balance draw, (3) 4K with annual draws, and (4) 4K with a one‑time draw (the recommended option). The presentation showed the…
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