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Board hears projections of rising utility and personnel costs as state budget shortfall looms
Summary
CFO Hines reported rising utility costs and timing issues for grant reimbursements, estimating roughly $80,000 in additional utility expenses; the superintendent flagged a projected $471 million state shortfall and reported Project RISE has raised about $480,000 privately.
Chief Financial Officer Hines briefed the board on revenues and expenditures and highlighted utility cost pressure that could affect the district budget. Hines said electricity costs are up in recent months, reporting a year-over-year electricity increase averaging about 12.19% and projecting roughly $56,000 in additional electricity costs if current trends continue. He estimated natural-gas increases could add almost $20,000 and…
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