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Board hears school-finance briefing as staff previews proposed tax notice and bond hearing
Summary
District staff and Urban Education Network guest Margaret Buckland explained spending authority vs. cash balance, projected FY27 impacts under a 2% SSA assumption, and proposed a March tax-notice and public hearing on bonds and a $14 million cash-reserve levy.
District finance and operations staff used the board’s work session to walk directors through the mechanics behind the staffing proposals and the broader budget context, emphasizing that enrollment declines and modest state aid increases are constraining choices.
Margaret Buckland of the Urban Education Network told the board the central tension: "Spending authority" (the legislature-set per-student amount) can rise or fall with SSA decisions and enrollment, but available cash and fund balance are different and must be managed for payroll and solvency. She illustrated how a 2% increase in SSA adds roughly $160…
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