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Cascade SD 5 board hears warnings about rising PERS costs and possible state cuts
Summary
District leaders told the Cascade SD 5 board that PERS costs are up more than $440,000 year-over-year and that a 2.5% state funding cut could reduce district revenue by about $1.5 million; trustees discussed using a PERS reserve, program adjustments and personnel options to manage scenarios.
The Cascade SD 5 Board of Education heard detailed budget warnings from the district’s finance director and superintendent at its November meeting, including a near-term spike in PERS expenses and the prospect of state funding reductions that could force program or staffing changes.
Mr. Wong, the district’s finance director, told trustees that PERS costs “within two months has cost us more than $440,000 just compared to last year,” and said the district is tracking several cut scenarios — 1%, 2.5% and 5% — to understand the potential consequences. He estimated a 2.5% cut would equal roughly…
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