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Three Rivers Local forecasts $1.7 million deficit; board discusses cuts and tax-abatement risk
Summary
The Three Rivers Local School District board reviewed a four-year forecast showing about $27 million in revenue and $28 million in expenses, producing a projected $1.7 million deficit; trustees discussed cost-saving measures, reserve days remaining, and a five-year tax abatement tied to a local power-plant conversion.
Presiding officer (unnamed) said the district’s finance committee reviewed a multi-year forecast showing roughly $27,000,000 in anticipated revenue against about $28,000,000 in expenses, creating a projected $1,700,000 deficit for the coming school year.
The board was told that some of the pressure stems from rising special-education costs and other categorical demands: 42% of students qualify for free lunch and 334 students in the district are designated as gifted, figures the presiding officer cited when outlining budget drivers. "Our total deficit that's forecasted for this school…
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