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Corvallis board hears long-range financial plan showing consolidation narrowed projected deficits
Summary
District finance staff presented a 3–5 year financial projection showing consolidation substantially narrowed previously projected multi-million-dollar deficits; board discussed enrollment decline, PERS liabilities, local option levy risks and that attrition is expected to achieve workforce alignment with lower enrollment.
Corvallis School District finance staff presented a 3- to 5-year financial forecast Jan. 15 that attributes materially improved budget projections to the district's recent consolidation decisions.
The projection shows that consolidation reduced a previously forecast multi-million-dollar shortfall and put the district on a trajectory to preserve a more stable fund balance over the coming biennia. The district noted state school fund allocations provide roughly 84% of…
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