By Stephen Floyd The Silver Falls School District (SFSD) has applied for a $3.8 million loan to help address a $1.3 million cash shortfall, with most of the funds expected to be invested to offset financing costs. During a special meeting April 11 of the SFSD Board, officials voted unanimously to pursue a tax anticipation note (TAN), which borrows against […]
By Stephen Floyd Officials with the Silver Falls School District (SFSD) believe workforce reductions are necessary as they learn a projected budget deficit may be greater than initially estimated. On March 21 during a special meeting of the board, Director of Finance Kim Doud said they were learning about revenue shortfalls that could deepen an original deficit projection of $825,000. […]
By Stephen Floyd Community members walked away with more answers but no fewer questions about an $825,000 deficit after the Silver Falls School District Board meeting March 11. An estimated 120 people attended in person and more than 200 watched by Zoom. The large audience was prompted by the deficit projection announced to the board at its Feb. 26 meeting. […]
