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District warns of state revenue shortfall and audit delay that could threaten monthly state‑school payments
Summary
District leaders told trustees the state revenue forecast and a missing federal compliance supplement for audits could force midyear decisions; administration said a 5% state‑fund cut would equal about $2 million for the district and described limited options, including paying auditors extra to complete portions of the audit to avoid withheld funds.
District leadership delivered an extended budget and audit briefing to the Parkrose board on Nov. 24, warning that changes to the state revenue forecast and a federal audit compliance delay could put monthly state‑school fund payments at risk.
A district administrator described the recent revenue forecast as improved but still leaving a statewide shortfall; depending on legislative action the state could direct reductions of 0.5% to 5% in the biennium, and the presenter said, "If we take a 5% cut in the state school fund,…
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