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Committee extends temporary higher cash‑reserve limit for school districts amid recalibration talks
Summary
Education Committee approved Senate File 137 to extend a previously enacted 30% operating reserve allowance for school districts through June 30, 2028; proponents said the extension helps districts manage cash flow while recalibration and federal fund spend‑down continue.
The Education Committee approved Senate File 137 to extend through June 30, 2028, a temporary increase that allows school districts to carry a larger operating balance and cash reserve (30% of prior year operations), a measure sponsors and school finance officials said helps districts manage cash flow as federal COVID funds are spent down and the state recalibrates education funding formulas.
Senator Dockstader, sponsor of the bill, said small districts originally requested flexibility to better cash‑flow operations and that stakeholders now support extending…
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