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Superintendent flags weak state revenue forecast; district readies contingencies
Summary
Superintendent told the board a near-term state revenue forecast is expected to be weak and described contingency planning: tightening discretionary spending, pausing some hiring and monitoring grant streams. The superintendent noted the state has a $3 billion cash reserve but recommended prudent planning.
The superintendent briefed the board on fiscal posture and the district's preparedness for a less favorable state revenue forecast.
Superintendent said the upcoming state revenue forecast is expected to be poor and that the district is planning conservatively. "We anticipate that not being a good a good forecast," the superintendent said, adding that while the state has a…
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