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Apple Valley Unified board authorizes tax notes, debates independent fiscal review amid deficit concerns
Summary
Trustees approved a resolution to authorize 2025–26 tax and revenue anticipation notes as a short-term cash option and debated moving forward with FICMAT’s fiscal health risk analysis after staff and union speakers highlighted a budget shortfall and staffing pressures.
The Apple Valley Unified School District board voted April 10 to authorize tax and revenue anticipation notes for 2025–26, a short-term borrowing option to ease cash-flow strains if state payments are delayed, while trustees debated whether to commission an independent fiscal health risk analysis.
The resolution adopted by the board authorizes the district to participate in the county pooled program for tax and revenue anticipation notes, a tool trustees described as a temporary cash option. Trustee Amanda Buchanan, who moved the resolution, said the step was a contingency to protect payroll and vendors if state cash distributions are late.
Why it mat…
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