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Finance director warns rising PERS costs could force difficult choices
Summary
Finance Director Mr. Wang told the board PERS payments are higher than last year and called the increase significant; directors discussed that other districts are cutting days or furloughing staff if state funding drops.
Finance Director Mr. Wang presented the district financial report at the Nov. 10 Cascade SD 5 board meeting and highlighted that the district has paid more to PERS than last year, describing the increase as significant.
Board Chair Brett Stegall asked how other districts are responding; Mr. Wang said some districts are considering measures such as reducing school days or staff furloughs if state funding declines. Director Aaron Lee asked what Cascade’s strategy would be if the projected state reductions occur; Superintendent Darin Drill said the administration will start from the district’s core values and work through options.
No formal budget reductions were adopted at the meeting; the board asked staff to prepare scenarios after the state economic forecast is released.
