Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the District Budget topic
No spam. Unsubscribe anytime.
Barker CSD warns revenue drop as energy mitigation funds fall; budget process set
Summary
Superintendent J. Reimer told the board the district’s energy cessation mitigation revenue is forecast to drop from $1.3 million to $1.0 million next year and to $650,000 in 2027–28, prompting close monitoring during budget development and scheduling of a Budget Advisory Committee for consideration at the December meeting.
Superintendent J. Reimer told the Board of Education the district expects a multi-year decline in energy cessation mitigation revenue: $1.3 million this year, projected to fall to $1.0 million in the next fiscal year and to $650,000 in 2027–28. He said the decline will require ongoing monitoring and noted the district’s projected balance of about $800,000 that typically drops to roughly $650,000 as the year progresses.
Reimer said the Budget Advisory Committee membership is being reconfirmed and he plans to bring committee approval to the December board meeting; he also distributed the budget calendar that spaces budget sessions opposite regular BOE meetings. He cautioned that, as in prior years, the district may need to prepare a spending plan before the state finalizes its aid figures.
