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Sioux City school finance update warns reserves will be used under conservative state-aid forecast
Summary
Finance staff presented FY2027 spending authority projections showing a certified enrollment decline of 302 students and a revised supplemental state aid assumption of 0.5%, leaving the district with a substantial unspent authorized budget but projecting reserve drawdowns under one scenario; board discussed whether to relax a 3.5% reserve guideline.
Patty Blankenship presented the Sioux City Community School District's updated FY2027 spending-authority projections and the general-fund targeted-expenditures framework at the board's Jan. 12 meeting, telling directors the presentation is the starting point for the FY27 budget.
Blankenship said certified enrollment fell by 302 students, costing roughly $2.4 million in revenue relative to prior assumptions. For the FY27 projection she said staff now use a supplemental state aid (SSA) assumption of 0.5% and a…
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