The Reporter - News -
[Cached Version]
Published on: 6/26/2004
Last Visited: 6/27/2004
While the district is far from short of cash, Assistant Superintendent Kari Sousa noted that some reserve funds likely will be used during the year as three new schools are opened.
"We will have some significant additional costs," Sousa said."Considering the times we're in, the district is financially stable and the outlook is very good."
There was some discussion during the meeting about projected cost-of-living adjustments from the state in the next few years, Sousa said.
According to the estimates, the COLA won't be enough to cover raises or increased health benefits.
"If the COLA comes in at the (expected) rates, any salary increase we give will necessitate the use of the reserve or cause future cuts," Sousa said.