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Treasurer outlines tax timing, pilot billing, reserves and demographics study that shaped bargaining outlook
Summary
The district's finance team reported that tax collections begin Oct. 1 and that interest earnings have declined from last year. Staff described pilot (PILOT) invoicing mechanics, a surplus list and reserved fund balances (restricted reserves about $21.2 million, assigned $8.5 million, unassigned about $6.5 million or ~3.85% of the budget). Staff
Don Lacey, assistant superintendent for finance and business, and Lauren Mudge, district treasurer, briefed the committee on revenue and reserves and described several items that inform near-term budgeting and bargaining capacity.
Mudge said tax collection activity begins Oct. 1 and noted the district is preparing for investment activity tied to tax receipts. She said interest earnings that the district can expect to earn on short-term investments are down from last year (staff cited a decline from roughly the mid-4% range to the mid-3% range), which affects projected…
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