Schools face challenge ahead of election
Last updated 2/1/2024 at 9:48am
CHENEY – As the Cheney School District gears up for three measures on the Feb. 13 ballot, including two levies and a bond, officials are grappling with financial challenges exacerbated by inflation and property value assessments.
During the Jan. 24 School Board meeting Finance Director Jamie Reed delivered a sobering presentation highlighting the district’s financial state. Reed emphasized the need to address the district’s fund balance, currently sitting at 7%, with hopes of reaching 8% by year-end.
“Inflation has significantly impacted our operations,” Reed said. “State fundin...