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Treasurer reports improved cash after March settlement; board approves tax‑rate adjustment
Summary
Treasurer reported an end‑of‑February cash position of 84 days that was restored by a March settlement; the board approved a tax resolution reducing the bond levy millage by 0.4 mills for tax year 2027 (collections 2026).
Treasurer Craig presented the district’s monthly financials, saying February closed with an 84‑day cash position caused in part by delayed real‑estate receipts but improved after a March settlement. “As of the end of February, we were at 84 days of cash,” he told the board, and staff said the March deposits restored the cash position.
Craig walked the board through revenue and expenditure lines, noting year‑over‑year real‑estate receipts were lower earlier in the fiscal year but that March settlements put collections back on track. The board then approved a tax resolution that will reduce the bond levy millage tied to the elementary‑school bond from about 2.1 mills to 1.7 mills for tax year 2027 (collections in 2026), a change the treasurer said should result in a 0.4‑mill reduction for taxpayers. The motion passed on a 5–0 roll call.
Board members said the change reflects routine recalculation after assessed‑valuation shifts and noted the district’s overall fiscal position remains stable.
