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Board hears ESIP proposal and caution about falling reserves; S&P flags negative outlook

Washington Township Board of Education · November 19, 2025

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Summary

Business committee outlined potential ESIP projects up to $16 million that could fund energy-related upgrades (including plumbing/bathroom improvements) while Finance staff warned Standard & Poor's adjusted the district outlook to negative because of declining reserves and urged rebuilding unassigned fund balance.

The business committee and finance director updated the board on several finance items at the November meeting, including cooperative purchasing participation, a qualified transportation pre‑tax plan and an Energy Savings Improvement Plan (ESIP) that could finance energy‑related projects.

Finance director…

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