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Board hears five‑year forecast: $3.7 million projected deficit next year; district frames $8 million referendum to address deferred maintenance
Summary
District staff told the board a roughly $3.7 million operating deficit is projected next year and that the proposed $8 million referendum primarily targets deferred maintenance and capital needs; board members pressed for clearer public messaging showing how the $3.7 million operating shortfall relates to the larger maintenance backlog.
District finance staff presented the five‑year forecast, telling the committee that the general fund balance peaked in 2022 and has declined since. The presenter (identified in the transcript as Josh, S9) said the district is "probably looking at another decrease this year" and estimated a roughly $3,700,000 budget deficit next year under current assumptions.
Staff described several assumptions that shape the forecast, including a 10% expected health‑insurance premium increase that would add…
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