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Committee recommends drawing non-lapsing reserves to lower 2027 budget ask
Summary
Finance staff proposed drawing about $208,000 from the district’s non-lapsing account and other reductions that would lower the fiscal‑27 operating request by roughly $519,128. Committee members pressed staff for assurances the reserve won’t be fully exhausted.
Phil, a district staff member, presented a fiscal‑27 budget update on Feb. 13, telling the Facilities Finance & Operations Committee that several one‑time and lower‑than‑expected costs let the district reduce its budget ask.
Phil said the state’s reported health‑insurance rate for fiscal 2027 is trending to about 12.5%, lower than the 15% used in the draft budget, which trims the district’s request by roughly $209,000. He also cited a modest reduction in pension rates that will lower the request by about $36,000 and recommended additional targeted reductions in equipment repairs, professional services and supplies totaling about…
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