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Parkrose SD 3 committee pre-approves $76.79 million budget, sets levy rate as leaders warn of 2025-26 "budget cliff"
Summary
The Parkrose School District Budget Committee voted to approve the proposed $76,788,893 FY2024-25 budget and the related property tax levy; staff said one-time reserves will bridge this year but warned a local option levy will be needed to avoid significant cuts in 2025-26.
The Parkrose School District Budget Committee approved a proposed FY2024-25 budget totaling $76,788,893 and a property tax levy at $4.8906 per $1,000 for the general fund, followed by action to authorize $3,613,181 for refunded bond obligations. The votes were recorded as approved with no nays or abstentions.
Superintendent (Speaker 3) and the districtbudget officer (Speaker 4) told the committee the budget is "balanced" under Oregon budget law but depends on one-time resources and internal transfers. The superintendent said the district will use $1,000,000 from the general fund ending balance and $1,000,000 from the Thompson fund to hold staffing and programs steady for one year; absent further revenue, officials warned of "a budget cliff" requiring significant cuts in fiscal…
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