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APS staff propose extending $2,000 appreciation stipend districtwide; board warns of referendum risk from pending bill
Summary
CFO Dr. Lisa Bracken told the board APS will receive $9.9 million from the state for eligible employees but is proposing a districtwide extension that would cost an additional $7.2 million (total $17.1M impact), funded from fund balance; board members also discussed House Bill 1116 and the potential need for referendums if digest growth exceeds 3%.
Dr. Lisa Bracken presented the district's FY26 financials and a recommended midyear budget adjustment related to a state-proposed $2,000 appreciation stipend. Bracken said the stateis providing approximately $9.9 million to APS for employees funded through the state QBE allotment, and APS leadership proposed extending the $2,000 payment to employees not covered by that formula at a district cost of $7.2 million, raising the total FY26 impact to $17.1 million and increasing proposed use of fund balance from $13 million to $20 million.
Bracken walked the…
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