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Finance briefing: audit timing, proposed removal of 3% retirement contribution and health‑insurance rate pressures
Summary
District finance staff told the committee the audit field work is complete and auditors will present Oct. 28; staff reviewed a Senate bill that would eliminate a 3% employee post‑employment contribution (effective Oct. 1, 2025 if enacted), a $181 million state reimbursement pool, and January health‑insurance rate increases that will disproportionately affect employees on Mesa plans.
At the Grand Rapids Public Schools finance committee meeting on Sept. 24, district finance staff reviewed the August financial statement for fiscal year 2024–25, described the audit timeline and outlined several statewide policy changes that could affect district budgets and employee take‑home pay.
Miss Krebs told the committee the district completed audit field work about two weeks earlier and auditors plan to present results at the Oct. 28 board work session. "At this point I'm not aware of any issues, findings," she said.
She summarized pending state action on the school‑aid budget: the state’s June budget included a one‑year…
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