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District trims assumed COLA and taps PERS reserve to limit deeper cuts
Summary
The proposed budget lowers the assumed COLA from 2.5% to 2% and plans to draw down PERS reserves to about $500,000 by the end of the 2027–29 biennium to mitigate service reductions.
As part of balancing strategies, the district proposed adjustments to budget assumptions and reserves.
The proposed Cost of Living Adjustment (COLA) assumption was reduced from 2.5% to 2% for budgeting; the district also plans to spend down its PERS reserve rather than raise employer rates, projecting the reserve will decline to approximately $500,000 by the end of the 2027–29 biennium. Committee discussion on these mitigation tactics was limited to the presentation; members were asked to submit follow‑up questions prior to May 13.
