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Board hears financial update: debt increase tied to building lease, tax timeline noted
5782317 · September 16, 2025
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Summary
Board discussion touched on an increase in net debt tied to a building lease, the expectation that the lease will not be part of next fiscal year, and a tax timeline beginning in the 2026 calendar year as state calculations continue.
District finance staff briefed the board on recent budget and debt developments and reminded the board of a tax-timeline step tied to state calculations.
On debt, staff said the district's increase in net debt is directly related to a building lease; they noted…
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