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Parkrose SD 3 board approves tax anticipation note, pauses stipends and appoints budget committee member
Summary
The Parkrose board approved a tax anticipation note resolution (short‑term borrowing) to manage cash timing, noted a $3.3M budget shortfall with likely staffing impacts, set board stipends to $0 for 2026‑27 (to be revisited), and appointed a finalist to the budget committee.
The Parkrose SD 3 board approved a resolution authorizing a tax anticipation note (short‑term debt) to provide interim cash for operations ahead of property‑tax receipts. The district finance presenter described a pooled sale (POS) involving several districts on the market in mid‑May and said the district's proceeds will be deposited into a separate tax anticipation note fund and repaid by Dec. 31.
A district finance official described the pooled offering as roughly…
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