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District finance officer warns of slower collections, flags teacher pay increase and proposed tax changes
Summary
The finance presenter reported year-to-date collections of about $29.5 million (≈66.4% of budget) and expenditures of about $28.7 million (≈59.3%), and warned that state proposals — including a likely $2,000 teacher salary schedule increase and possible watercraft and homestead tax changes — could affect local revenue and planning.
District financial staff briefed the board on February collections, expenditures and state proposals that could affect local budgets.
The presenter said year-to-date revenue collections were a little over $29.5 million, representing about 66.4% of the annual revenue budget, down from a prior-year average of roughly 71.9% for the same point. Year-to-date expenditures totaled about $28.7 million (about 59.3% of the annual expenditure budget), though that figure declines to roughly 51% when a $4 million transfer to capital projects is excluded.
The presenter said…
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