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Gresham-Barlow SD 10J finance director warns of $15 million–$21 million shortfall over two years
Summary
Finance director Pete Bejerano said the district faces growing pension and operating costs, declining enrollment and uncertain federal funding that together require $15M–$21M in reductions over two years; he urged public input on priorities.
Pete Bejerano, the director of finance for Gresham-Barlow SD 10J, told a public budget presentation that the district faces multi-year budget pressure that will require significant spending reductions.
Bejerano said the district’s ending fund balance is projected at $10,200,000 at the end of the school year and noted, “It functions like a savings account,” used previously to maintain payroll and start emergency repairs. He added that one day of school operations costs about $710,000, meaning current reserves cover roughly 14 days of school, and that the district is below the board’s policy minimum of an 8% ending fund balance.
The shortfall, Bejerano said, is driven…
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