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Superintendent: Cascade SD #5 "remains in stable financial condition" but cautions about tightening budgets
Summary
Superintendent Darin Drill told the board the district's finances are stable but under pressure; the district implemented spending reductions in May and June. Certified staff (CEA) secured a 2.5% COLA for two years; classified negotiations continue.
Superintendent Darin Drill told the board on July 14 that Cascade School District #5 "remains in stable financial condition" while warning that statewide budget tightening requires continued fiscal caution. He said administrators were asked to reduce spending in May and June to help close the 2024-25 fiscal year.
Drill summarized labor negotiations: Certified Staff (CEA) have concluded negotiations with a 2.5% cost-of-living adjustment for the next two years; district leadership indicated administrator/manager/confidential staff (CNREBSA) will likely settle at 2.5% as well and will vote soon; negotiations with Classified Staff (OSEA) remain ongoing with the negotiating team scheduled to meet the day after the board meeting.
The board received this report as an oral update; Fiscal Director Haofeng "William" Wang said he will present a fuller financial report at the August meeting after reviewing district records.
