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Treasurer warns of growing deficits; board approves four-year forecast
Summary
The district treasurer presented a four-year forecast that shows a worsening gap: roughly $2.4 million in the next year and escalating deficits that could exceed $21 million by 2031, prompting trustees to consider further reductions and early union discussions.
The treasurer presented the district's required four-year forecast and told trustees the district expects an expenses-over-revenues shortfall of about $2.4 million in the upcoming year and increasing deficits thereafter. The projection showed sharper increases in later years, with an illustrative figure of about $21 million in cumulative shortfalls by the outer forecast year.
In presenting the forecast the treasurer explained the projection assumptions: a roughly 10% annual increase for insurance, step-index increases for personnel costs, and conservative enrollment and property-tax assumptions. He said the district had already taken steps through attrition and administrative reductions but that additional reductions and negotiations with unions will be necessary. The board voted to approve the forecast and instructed district administrators to continue planning for reductions and to consult bargaining partners early to manage impacts.
