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Trustees warned of possible state cuts as special session convenes
Summary
A board member briefed trustees on a special legislative session and a gloomy August economic forecast; they said the state could face hundreds of millions in shortfalls and they planned a Salem meeting to discuss impacts.
Board members were briefed on the Oregon Legislature's special session and the state's recent economic forecast. A trustee said a late-August forecast showed a shortfall in the hundreds of millions and that the state's budgeting adjustments could reduce local school funding. "The economic forecast in August put us at about 900,000,000 in between 9 and $800,000,000 short of, what we thought we were going to be. That, really puts us at about $400,000,000 short," the trustee said, and noted plans to meet with governor's staff in Salem to communicate district impacts.
The board member cautioned that the state's numbers have shifted historically several times during a fiscal cycle and said having a savings account improves the district's ability to weather short-term cuts. Trustees recorded the update as informational and did not take immediate action.
