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Maintenance District 2 approves roughly $260,000 in school maintenance and capital projects after revenue shortfall warning
Summary
Maintenance District 2 members approved roughly $260,000 in combined capital and special-project spending for school repairs and safety upgrades after staff reported a projected maintenance-fund balance of $187,000 and about $400,000 in declining property-tax revenue.
Mister Parady, chair of the Maintenance District 2 meeting, opened the workshop by warning of a multi-year decline in property-tax revenue and said the board would take a conservative approach to spending until receipts stabilize. "We're gonna be very conservative with spending," he said, adding the board would prioritize absolute needs for schools.
Miss Boisen provided the district's financial report, explaining that Maintenance District 2 operates two funds (Fund 12, the maintenance fund, and Fund 28, the capital projects fund) and that capital funds come only from transfers. "As of the end of 2526, we're projecting a $187,000 fund balance in our maintenance fund," she said, and recommended limiting special-project spending for 2627 so the balance is…
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