Riverside committee flags levy need as five‑year forecast, COPS/TANs plan draw concern
Finance and personnel committee members reviewed a compressed five‑year forecast required by state law, were warned the district will drop below its 90‑day cash‑reserve policy within a few years, and debated a proposed COPS/TANs permanent‑improvement debt authorization that some members said was premature without full cost data.
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Riverside Local’s Finance & Personnel Committee on Thursday reviewed a compressed five‑year forecast required under recent state law changes and discussed a pending resolution to authorize short‑term debt (COPS/TANs) for permanent improvement projects, including an eight‑classroom addition and gym work at Buckeye Elementary.
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