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Finance director flags rising PERS rates and upcoming bond planning
Summary
Director of Finance Devin Collins told the board that PERS rates are expected to rise to about 6–7% over coming years and that the district is considering participation in a new bond after the current bond ends in June 2027.
Director of Finance Devin Collins presented the district finance report Feb. 23, noting the district will ask board members to complete the Economic Interest report by March 15, 2026 and that PERS rates 'have been going, and will continue to, rise to 6-7% over the coming years.' Collins said the district aims to set aside reserves for PERS and is evaluating participation in a new bond as the current bond expires in June 2027.
Board members acknowledged the need to plan for future rate increases and bond timing; Superintendent Albisu said district staff are monitoring state legislative activity that may affect revenue and expenditures.
