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Cascade SD 5 finance director flags bond expiry in 2027–28 as key fiscal variable
Summary
Finance Director William Wang told the committee the district’s current bond will end in fiscal year 2027–28 and that its passage or failure will materially affect future budgets; the committee was advised to monitor that exposure along with PERS.
William Wang told the Budget Committee that the district’s current bond is scheduled to end in fiscal year 2027–28 and explained the financial implications if voters do not approve a successor measure. He said Cascade’s projected exposure to PERS-related costs is lower than many peers, but warned that loss of bond revenue would increase pressure on the general fund.
Committee members, led by Aaron Lee, asked questions about the timing and potential mitigation. Wang said the district is monitoring multiple funds closely and that passage of a bond would reduce the district’s projected financial impact.
