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Lake Washington superintendent outlines $11 million spending cut target, warns of staffing and program impacts
Summary
Superintendent Dr. Holman told the Lake Washington School District board that the district must reduce expenditures by $11 million to balance a multi‑year budget while keeping reserves; she named programs and fees under review and said staffing reductions are likely.
Superintendent Dr. Mary Holman told the Lake Washington School District board on Jan. 13 that the district must identify $11,000,000 in recurring spending reductions to maintain an 8%–10% fund balance and produce a balanced budget for 2025–26.
Holman said the district’s fund‑balance policy target exceeds the state minimum: "The board's policy requirement for fund balance is 5% and that's almost $30,000,000 when you think of our $600,000,000 budget. And so our target is to keep it between that 45 to $52,000,000 mark." She warned that continued reliance on fund balance without cuts would exhaust reserves over time.
The nut graf: The budget shortfall and staffing consequences are immediate and tangible for Lake Washington schools, Holman said. The district faces enrollment declines at the elementary level…
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