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Board hears third-quarter financial update; administration seeks budget amendment after local reassessment shortfall
Summary
Finance staff reported third-quarter revenue and expenditure numbers and recommended a FY24–25 general fund amendment after local property-tax reassessment numbers fell short of earlier estimates; the board approved the amendment.
Chief finance presenter Marcy Aberson provided the board’s finance committee with a third-quarter financial update through March 31, 2025. Aberson said the district’s approved general fund budget was $475 million and described collections to date: local revenue, state revenue and federal revenue totals were reported with remaining amounts expected before June 30. The presentation included EIA, impact-fee and child-nutrition fund summaries.
Aberson noted the district’s local property-tax reassessment estimate used for the budget was about $174…
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