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Board hears five‑year forecast showing pressure from property tax reform and declining state funding
Summary
District finance staff presented a five‑year forecast showing a multi‑million dollar revenue reduction tied to property tax reform and state foundation funding changes; trustees approved the forecast assumptions after questions about capital needs and special‑education cost growth.
Fairfield Union Local trustees approved five‑year forecast assumptions after a detailed presentation from finance staff that highlighted revenue pressures from recent property reappraisals and changes in state funding.
Finance staff said the forecast centers on changes to property‑tax collections and the state school funding formula. Line 1.01 (local property‑tax receipts) was shown rising to $7,000,000 in the near term before settling lower in later years, while state foundation payments decline as…
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