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Committee previews August decision on natural‑gas pre‑purchase after prior savings
Summary
Committee discussed whether to pre‑purchase natural gas again (last year the district locked up to 75% and realized savings); staff will return in August with a proposal on amount and timing, including options to increase coverage for budget predictability.
District staff brought forward a preliminary discussion about pre‑purchasing natural gas for the 2026‑27 heating season.
Staff said the district previously pre‑purchased up to 75% of its gas and realized notable savings; they suggested returning in August with a proposal on timing and coverage (committee members asked whether 80% or a longer lock‑in would be prudent for budget planning). Staff agreed to bring back cost‑and‑timing information to the August meeting so the committee can consider a repurchase recommendation.
Committee members noted market volatility (El Niño referenced) and recommended staff check with providers and present likely outcomes at the August meeting.
