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GISD budget update: deficit trimmed, enrollment and ADA bolster revenue but legislative uncertainty remains
Summary
Finance staff told trustees the prior $4.5M deficit was amended to about $900K due to higher enrollment and better attendance; a one‑time $2M property‑value adjustment also helped, but staff warned pending legislative and tax‑rate changes could create volatility in summer months.
Jennifer Hamill led the budget portion of the Feb. 4 workshop, summarizing the district’s current fiscal picture and the timeline for preparing the 2025–26 budget.
Hamill said the district adopted a $4.5 million deficit budget last June but has amended projections to a roughly $900,000 deficit this year, largely because enrollment and average daily attendance (ADA) exceeded the budgeted estimates. She also reported a one‑time $2 million adjustment from a prior property‑value study…
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