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Midyear budget review: McGuffey staff warn of possible deficit as assessed value falls
Summary
Business office reported 70.4% of $34.9M budgeted revenues collected midyear and noted a $14M drop in assessed property value that could reduce revenue by about $200,000; administrators outlined expenditure pressures (healthcare, retirement, salaries) and recommended continued fiscal monitoring.
The district's business official briefed the committee on midyear fiscal results and a preliminary outlook for 2025—6. The packet showed budgeted revenue of $34.9 million; as of Dec. 31 the district had collected roughly 70.4% of that total. Expenditures were budgeted at $35.9 million, with spending at about 44.4% of that budget at midyear.
Ms. DeDylan highlighted several pressure…
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