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Finance director reports revenue near budget but flags possible expense overages and state-driven teacher-pay and insurance changes
Summary
District finance staff reported year-to-date revenues and expenses, near-complete property tax collections, strong investment returns, and potential budget pressures from substitute costs, maintenance repairs, transportation and state-level teacher-pay and health-insurance changes.
Mister Love, district finance staff, gave the board an interim finance report noting the district had recorded approximately $99 million in revenues and $66 million in expenditures year-to-date. He told the board local property-tax collections are strong — roughly 98% of the expected local property tax/ income collections — and that the district currently holds about $60 million in the local government investment pool, earning more than 4% monthly on average.
On the expen…
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