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Five‑year forecast shows structural gap; board asks for revised FY26 budget and offers early budget guardrails
Summary
Director Bridal presented a five‑year forecast at the Oct. 27 study session showing projected revenue growth insufficient to match rising expenditures and warning that the district would face statutory operating debt (SOD) by FY2028 absent action. The board asked for more detailed line‑item explanations and instructed administration to develop
At the Oct. 27 study session Director Bridal presented the district’s five‑year financial forecast and reviewed assumptions built into the model. The presentation noted an assumed 2% increase in the general education formula, a projected 6% annual increase in transportation costs, and the district’s current voter‑approved operating referendum at $623.97 per student with no inflationary factor applied.
Director Bridal warned that under the forecast assumptions the district would exhaust available reserves and face statutory operating debt (SOD) by fiscal year 2028 if no corrective action is taken. "If we do nothing, clearly you clearly you can see that we would have an issue in fiscal year 28…
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