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Philomath budget committee hears tight outlook as state estimates arrive and $20 million bond payment looms
Summary
At a budget committee work session the district’s finance lead reviewed enrollment, a new state funding estimate, a likely prior-year reconciliation near $300,000, and a scheduled $20,000,000 capital bond payment in June that will shape next year’s budget decisions.
Jennifer, the district business manager, told the Philomath budget committee the district faces a tight budget picture as it finishes the current year and builds next year’s budget.
“We're at currently about 16 o 5 in enrollment,” Jennifer said, and noted that figure includes the charter school (about 200 students) with roughly 1,400 students in district buildings. She said the district recently received an updated state school fund estimate and that a prior-year reconciliation is likely to reduce the district’s state school fund by an estimated "$300,000" when the May reconciliation is processed.
Why it matters: Those revenue…
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