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Superintendent: state economic forecast limits cuts to "2.5% or below"; director of finance expands on factors
Summary
Interim Superintendent Kim Kellison said the Nov. 19 ODE economic forecast left the state in slightly better shape than expected and that reductions would likely be "2.5% or below." Director of Finance Tom Andrews described factors behind the improved forecast as Kellison’s connection faltered.
Interim Superintendent Kim Kellison reported that the Oregon Department of Education economic forecast received Nov. 19 showed the state in a bit better shape than expected and that any reductions at the state level "would be more at the 2.5% or below." Her connection was lost during the update, and Tom Andrews, the district’s director of finance, finished reporting and gave examples of areas that led to the change in forecast.
Board members asked questions about the implications for the district budget and potential areas of exposure. The district did not record any formal budget decisions at the Nov. 24 work session; the update provided context for upcoming budget planning and monitoring of state actions.
