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Finance staff warn of multi‑million dollar impacts from SB1; district reports $12M in CDs and plans for work session
Summary
The district’s finance officer reviewed investments and fund balances, reporting about $12 million in certificates of deposit and warning that Senate Bill 1 could produce $4.5–5.0 million in near‑term revenue pressure and a possible $2.4 million hit in 2028; board scheduled further review and a work session.
During the board’s annual board of finance meeting, district finance staff reviewed the investment policy and fund balances and laid out a multi‑year outlook affected by state legislation.
Treasurer Mister Street reported about $12 million held in certificates of deposit and described a conservative investment posture (CDs and treasuries only). He said higher…
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