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Tigard‑Tualatin finance update: $17.6M fund balance, PERS rate changes could add millions
Summary
District staff told the board the 2024‑25 general fund closed with about $17.6 million (roughly 10% of resources) after a favorable spring revenue variance; looming PERS employer‑rate increases and shrinking state/local grants could add several million in costs and complicate the 2027–29 planning horizon.
The Tigard‑Tualatin School District on Monday received a detailed financial briefing that showed a stronger‑than‑expected close to 2024–25 but warned of significant future pressure from PERS employer‑rate shifts and from uncertain state and federal funds.
A district finance presenter summarized the year’s results, saying, “we ended the 24‑25 year with a $17,600,000 fund balance, which is approximately 10% of resources.” The presenter attributed the favorable variance in part to improved investment returns, a positive state school fund reconciliation and…
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