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Budget committee reviews steps to close 20262027 budget gap
Summary
The Budget and Finance Committee met June 2 and reported to the Board on purchasing policy implementation, state aid projections, cash flow, borrowing and repayment, reserve fund status and long-term forecasting as the district prepares the 20262027 budget.
Board member Benjamin Mitchell told the Board the Budget and Finance Committee met on June 2 to discuss the district's purchasing policy implementation and staff training, and the 20262027 budget development process. The Committee reviewed measures taken to close the budget gap, align expenditures with available revenues, state aid projections, cash flow and reserve status, and considered possible borrowing and repayment strategies.
Mitchell said the Committee discussed rising costs, future revenue considerations and the potential addition of community members to the committee for broader input. The Committee also set goals for the upcoming year and flagged longer-term forecasting as an item for continued attention.
