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Superintendent and finance director outline legislative developments and preliminary budget showing $154 million in expenditures
Summary
Superintendent Funk and Finance Director Marie presented a legislative update affecting pensions, unemployment for hourly school employees, paid family medical leave and a preliminary general-fund budget showing projected revenue of about $152.9 million and expenditures near $154 million, with planned use of fund balance to balance the gap.
Superintendent Funk and Finance Director Marie presented an update on legislative activity that could affect district finances and a preliminary budget picture for the coming year.
On legislation, Funk said the conference process had not finished and that final action could occur in a short special session. He identified several items of interest: • Teachers’ Retirement Association (TRA): early-retirement language was changed so the rule-of-90-style thresholds are shifted toward eligibility at 60 years and 30 years of service; Funk said the district will cover the required…
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