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Evergreen officials warn of $10 million 2425 shortfall; propose $10 million short-term loan and multi-year reductions
Summary
District finance staff told the board the 2024–25 books close with an estimated $10,000,000 deficit driven by rising special education costs and enrollment declines; a $10,000,000 interfund loan from capital projects will be proposed in December while the district pursues a phased three‑year reduction plan.
Jennifer, the district’s CFO/business manager, told the Evergreen board the district expects to end fiscal 2024–25 with a roughly $10,000,000 deficit driven largely by increased special-education enrollment and related staffing costs. "Instead of a $4,000,000 deficit for 24–25, it looked like we were going to end the year with a $10,000,000 deficit," she said.
The presentation outlined two main drivers: a long-term enrollment decline (from about 26,000 students in 2016–17 to roughly 22,000 today) that reduces state apportionment revenue and higher-than-expected special-education spending that is not fully funded by the state. Jennifer said…
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