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Issaquah district projects $9 million fund‑balance decline; enrollment expected to fall 355 students for 2025‑26
Summary
District finance staff told the board the general fund balance is projected to decline by $9 million this year amid slowed levy growth, rising costs and a year‑to‑date enrollment shortfall; the district projects an additional 355‑student decline for 2025‑26 and is watching federal funding and special education proposals in the legislature.
Issaquah School District finance staff presented a midyear financial update showing growing pressure on the general fund and a multi‑year enrollment decline the district expects to manage through budget planning.
Martin Turney, director of financial operations, and Mariah Banaszek, executive director of finance and budget, told the board the district's fund balance peaked at about $52 million last year but is projected to fall to about $43 million for the current school year, reducing the fund balance from roughly 17% of expenditures to an estimated 11%.
Staff said a revised projection shows a $9 million decline this year, larger than an earlier estimate of $6.7 million. Contributing factors listed in the presentation included $6.2 million in planned curriculum…
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