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Jackson Public Schools reports midyear spending at 52.7% and near $29.6M cash balance
Summary
District finance staff told the Jackson Public School District board that 52.7% of the $469.2 million budget had been spent year-to-date, ending cash was about $29.6 million versus roughly $5 million in February 2024, and timing changes to a debt payment produced an estimated $74,000 savings.
Jackson Public School District finance staff told the Board of Trustees that the district had expended $247,000,000 of a $469,200,000 budget — about 52.7% — and reported an ending cash balance of roughly $29,600,000 compared with about $5,000,000 in February 2024.
The presenter said the district delayed a scheduled debt payment into March rather than February this year, and that the timing change produced a savings of about…
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