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Treasurer: Riverside schools "in really solid shape" but House Bill 920 and county adjustments tighten outlook
Summary
The treasurer told the board the district maintains strong cash balances and unencumbered funds but faces revenue pressure from recent state and county actions. He outlined how Certificates of Participation and TANs would change PI levy debt service and urged data-driven feasibility before expanding projects.
The district treasurer presented a detailed financial briefing showing healthy cash balances but notable fiscal pressures the board must consider, particularly from recent state and county-level tax shifts.
In his presentation the treasurer said the district's cash balance was about $36,000,000 with the general fund at roughly $26,000,000 and nearly $19–20M unencumbered at the time of the report. "We're actually in really solid shape," the treasurer said during the overview, while also noting a roughly $1.3 million county-level hit that was not previously forecast and the effects of House Bill 920 (which he described as freezing revenue flows)…
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