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Administrators warn budget gap after transfers; CTC bond share could push tax-rate discussion near 4%
Summary
Business manager presented fund-balance and 10-year projections showing static expense increases (~$740,000) and a potential CTC bond-share of $300,000; administrators said a 3–4% tax scenario may be required to preserve fund balance and accommodate requested programs.
The district's business manager reviewed the current fund balance and a ten-year forecast at the committee meeting, telling trustees that static expense increases (health care, salary step increases, benefits and bond payments) leave the district needing roughly $740,000 in additional ongoing revenue absent cuts.
Leanne Martin summarized last year's transfers and current balances, noting an approximately $6.0 million transfer to capital projects that, combined with other activity, left ending fund balance near $9.0 million after fiscal-year adjustments. She said the general fund itself decreased about $3.9…
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