Committee hears bill to require school district reserve minimums, monthly OSPI reporting amid objections from rural districts
House Education Committee heard HB 2,593, an OSPI‑requested bill that would require districts to set minimum and maximum general‑fund reserves and to submit monthly financial data to OSPI; OSPI and sponsors say it would prevent district insolvency, while rural districts, associations and some superintendents warned caps and reporting timing risk cash‑flow and reduce local control.
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A bill that would require Washington school districts to hold minimum general‑fund reserves and file monthly financial reports with the Office of the Superintendent of Public Instruction drew support from state education officials and concern from school leaders on Monday.
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