Goal 4: SOUND FINANCE & INFRASTRUCTURE
Budget.
GESD maintains a positive certification on our annual budget with a 17% reserve. The minimum requirement is 5%. As the budget forecast for 24/25 is not strong, what is your opinion on maintaining these reserves?
Goal 4: SOUND FINANCE & INFRASTRUCTURE
Facility Upgrades and Bonds.
Should GESD investigate a Bond Measure to expand or improve facilities?
Bonds are a method of borrowing employed by school districts to pay for a large capital investment, used in much the same way as a person who takes out a mortgage to purchase a home. The principal and interest are repaid by local property owners through an increase in property taxes.