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District projects continued deficit spending; staff to finalize sale of remaining bonds
Summary
Finance director Mike Scofield reported updated revenue forecasts and expenditure adjustments: state school fund and property tax projections rose modestly while local option and high‑cost disability estimates fell; board-approved consent agenda included authorization to sell remaining bonds from the district's bond authorization.
At the Jan. 14 meeting, Finance Director Mike Scofield presented the monthly financial update to the board, outlining modest revenue adjustments, planned expenditure reductions and continued deficit spending.
Scofield said the forecasted state school fund revenues increased by $1,600,000 based on enrollment holding from last year, and property‑tax receipts were up roughly $2,300,000 compared with initial estimates. He also said the district reduced its local‑option revenue estimate by…
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