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District finance director outlines budget forecast, credits recurring referendum for short-term boost, warns of long-term pressure
Summary
District staff presented a budget forecast showing a near-term revenue boost driven by a recent recurring referendum (about $4.3 million) and a state per-pupil increase, but noted a drop of about 52 students this year, projected further small declines, and cautioned that ongoing expense growth could produce deficits once referendum support ends.
District finance staff presented a multi‑year budget forecast emphasizing how enrollment, revenue limits and referendums shape the district’s finances.
Erica explained that the district’s revenue limit and per‑pupil aid together make up roughly 86.5% of operational funds, and that last year’s recurring referendum added about $4,300,000 to the district’s base revenue limit. The state also provided a $325‑per‑student increase; the district expects an additional $600,000 for the next two years. Those factors produced a significant…
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