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HILLSBORO R-III presents financial snapshot: major debt reduction, low local tax rate and steady enrollment declines
Summary
District administrators told the HILLSBORO R-III board the district has reduced general obligation debt from about $29 million in 2019 to roughly $6.2 million in 2025, maintains a low tax rate compared with the county, and expects continued enrollment declines while tracking operating revenues and investment earnings.
District administration delivered a comprehensive financial report showing a materially improved balance sheet and several trends that will shape budgeting.
Speaker 2 told the board the district’s total general obligation debt stands around $6,200,000, down from roughly $29,000,000 in 2019. "We significantly reduced our debt from $29,000,000 in 2019 to approximately $6,000,000 in 2025," the presenter said during the recognition segment and…
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