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District officials flag multi-year projected deficits despite healthy balances
Summary
Dr. Matt Gordon told the Building and Grounds Committee that, while fund balances are healthy, deficit spending is predicted this year and for the next three fiscal years, and rising expenses may constrain future facility projects.
During the Dec. 15 meeting, Dr. Matt Gordon reviewed the district's financial position and said that although the district currently holds healthy fund balances, deficit spending is forecast this year and across the next three fiscal years. He emphasized that expenses have risen more rapidly than revenues and that the committee should factor those projections into timing and scope of facility projects.
Dr. Gordon described the district's project estimates as constructed conservatively but warned that continued expense pressure could force reprioritization or delay of capital work. No specific dollar amounts or a formal budget amendment were presented during the meeting; members were advised that cost pressure would influence future facility decisions.
