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Kings Board hears 4‑year financial forecast; earned‑income tax not expected to fully flow until mid‑2027
Summary
The Kings Local Board of Education reviewed a four‑year financial forecast that showed modest revenue growth, insurance and personnel cost pressures, and an 18‑month ramp for a newly approved earned‑income tax. The board approved routine treasurer items and several consent motions.
At its regular meeting, the Kings Local Board of Education received a four‑year financial forecast that projected constrained revenue growth and rising costs, and the board approved the treasurer’s routine financial items.
Presenting the forecast, the district finance presenter said the district was projecting “about a 4.6% in revenue increase over a 5 year period,” but cautioned that figure was dampened by a 1‑mill rollback and ongoing uncertainty around state funding. The presenter told the board the district models collections for the newly…
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