District projects multi-year cuts, recommends $2.6M reduction for FY27
District finance staff presented multi-year projections and recommended setting expenditure reduction targets of $2.6 million for FY27, $2.25 million for FY28 and $2.0 million for FY29 to maintain fund balance amid enrollment declines and cost pressures.
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Executive Director Paul Durbahn presented a multi-year financial forecast that assumes annual expenditure increases of 2%–3.5%, 7.5% health insurance increases and inflation trends based on the Consumer Price Index. Based on those assumptions and continued enrollment decline, administration recommended expenditure reduction targets of $2.6 million for FY27, $2.25 million for FY28 and $2.0 million for FY29 to preserve fund balance levels.
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