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Sycamore board reviews five-year forecast assumptions; treasurer warns cash balance will fall below board target by FY27
Summary
Treasurer Christian reviewed assumptions for the district's five-year general fund forecast, proposing an 11% reassessment revenue assumption, 3% salary growth beyond negotiated contracts and 5% annual health-care increases; the board asked staff to apply the assumptions and return with modeled scenarios Nov. 20.
Christian, the district finance presenter, told the Sycamore Community Schools Board of Education the treasurer's office would present the assumptions that will produce the district's five-year general-fund forecast and asked the board to confirm whether they are reasonable.
Christian said he proposed an 11% revenue increase assumption tied to the next county property-tax update (a mid-cycle update after a 22% valuation jump this year), explained how millage rollbacks limit revenue growth and noted the district still receives additional revenue only from its inside millage (4.63 mills). "11% is what I am proposing," Christian said when asking trustees whether…
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