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Finance director warns higher PERS payments are squeezing district finances
Summary
Finance Director Mr. Wang told the board the district paid a significantly higher amount to PERS than last year and discussed potential strategies other districts are using to cope with budget stress; the exact dollar increase was not specified in the minutes.
Finance Director Mr. Wang presented the district’s financial report and emphasized that payments to PERS this year are significantly higher than last year. He described the increase as notable and discussed how other districts are responding to reduced revenues, including shortened school days and staff furloughs.
Board members asked how Cascade might respond if the state budget is reduced as projected. Mr. Wang’s presentation prompted a discussion of core services, staffing strategies and the need for scenario planning; Mr. Drill said the district will use its core values as the starting point for any reductions.
The minutes do not include a specific dollar amount for the PERS increase; that figure was described verbally as significant but “not specified.”
