Legislative Forum - 3/27/26

Iowa City Comm School District · March 31, 2026

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46:36

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Payroll borrowing contingency and anticipatory warrant

Presentation

0:00 → 0:25(26s)

An agency official reported the district had secured a $3,000,000 anticipatory warrant in March to meet mid‑March payroll but did not draw on it; staff later resolved payroll obligations without using the borrowing. The official credited interim CFO work for completing FY24 and FY25 reconciliations through March.

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Iowa City Community School District leaders reported an $18 million increase in the special-education deficit, proposed maximizing the cash-reserve levy and paused capital projects while planning further budget reductions. Board members also discussed how pending state legislation and a recent state review of other districts could affect local levies and district finances.

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Transcript

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