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Committee told referendum draw will be about $875,000 through first two years, $50,000 better than earlier projection
Summary
Administration reported the district would have used approximately $875,000 of referendum funds through the first two years if the budget is approved as presented, about $50,000 less than an earlier $925,000 projection; staffing and compensation costs were cited as the main driver.
During the June 1 finance committee meeting, administration reviewed referendum-use projections tied to the preliminary budget. If the draft budget is approved as presented, the district would have used approximately $875,000 of referendum funds through the first two years of the referendum period, compared with an earlier projection of about $925,000.
Committee members noted that the referendum draw is largely driven by increased staffing and compensation costs. Administration said the difference between the earlier projection and current estimate—roughly $50,000—reflects updated line-item assumptions but cautioned the figure is subject to change as revenue information is finalized.
