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District projects larger near‑term deficit but multi‑year outlook improves; trustees urge steady pension contributions
Summary
Finance staff reported the district’s projection moved from a $12.2 million to a $14.7 million current‑year deficit but multi‑year projections show a return to surplus by 2026–27; trustees praised pension reserve progress ($5.1M) but noted the larger net pension liability remains substantial.
District finance staff delivered the second interim update, reporting a revised current‑year deficit projection and laying out multi‑year projections and fund balances.
Staff said the district moved the current‑year projection from a $12.2 million deficit to about $14.7 million, driven by timing shifts (textbook costs), special‑education fluctuations and salary…
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