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Preliminary budget update: House Bill 2 retention allotment and TRE impact discussed
Summary
The district presented a preliminary budget update noting an ADA assumption, indirect cost revenue, additional SPED contract funding, and an illustration that a voter‑approved tax ratification election (TRE) would return 'a little over $6,000,000' (presentation described as preliminary).
The district’s finance presenter provided a preliminary update on the budget, emphasizing that numbers are subject to change and describing the administration’s approach to allocating recent teacher and staff retention allotment dollars under House Bill 2.
Highlights included the budget snapshot based on an assumed ADA (5,692 vs current 5,631), indirect cost revenue adjustments, additional SPED funds for contracted services and summer programs, sale of land proceeds under negotiation and projected costs for facility needs such as turf replacement. The presenter also provided a comparison showing that a voter‑approved tax ratification election (TRE) would yield just over $6,000,000 in additional revenue but also affect recapture amounts; staff characterized the figures as preliminary and open to adjustment.
Trustees asked clarifying questions; the presenter said final adjustments will be made as the year progresses and that a consent agenda item will include required budget amendments.
