[00:00:08]
          >>>  CALLING THIS MEETING TO ORDER. 
          PLEASE STAND FOR THE PLEDGE. 
          [2. Information Items]
DR. KEGLY I'LL KICK THE FLOOR OVER TO YOU. 
          >> THANK YOU. GOOD EVENING BOARD MEMBERS AND MEMBERS OF THE PUBLIC. TONIGHT WE'RE GOING TO FOCUS IN ON THE IMPACTS OF SEA1 AND POTENTIAL REFERENDUM CONVERSATION AND ANSWER SOME QUESTIONS WE HAVE MATT PARKINSON FROM POSSE ANALYTICS HERE WHO HAS DONE A DEEP DIVE OF SOME OF OUR FIGURES. AND IS GOING TO GO DOO DEPTH ON THAT AND THEN MR. BROWN WILL FOLLOW HIM UP. 
          WE'VE KIND OF GOT TWO DIF DIFFERENT-- TWO SIMILAR PRESENTATIONS THAT WILL COME BACK TO BACK. 
          BUT WE'LL TAKE A BREAK IN BETWEEN MATT AND TIM. 
          AND PROVIDE THE BOARD AN OPPORTUNITY TO ASK ALL THE QUESTIONS YOU WANT RELATED TO MATT. 
          SO I'D ASK YOU TO HOLD YOUR QUESTIONS DURING MATT'S PRESENTATION. YOU HAVE THE FULL PRESENTATION AT YOUR TABLE. JUST WRITE THOSE DOWN AND THEN WHEN HE GETS DONE, WE'LL ANSWER THOSE QUESTIONS. 
          AND THEN WE'LL HAVE MR. BROWN BRING US HOME. 
          SO-- MATT? GO AHEAD. 
          >> WELL, I APPRECIATE THE OPPORTUNITY TO BE HERE. 
          MY NAME'S MEAT PARKINSON WITH POLICY ANALYTICS. 
          WHICH IS A SMALL BUSINESS THAT PROVIDES FISCAL AND TECHNICAL ANALYSIS FOR SCHOOL DISTRICTS AND LOCAL GOVERNMENTS AROUND TAX POLICY DECISIONS. SO REFERENDUM IS RIGHT IN THAT LANE. WE'RE GOING TO TALK THIS EVENING ABOUT IMPLICATIONS FOR HAMILTON SOUTHEASTERN. 
          TAKE A LOOK AT A FEW DIFFERENT WAYS TO CONSIDER A REFERENDUM HERE IN THIS COMMUNITY. SO ON SLIDE THREE ON THE SCREEN THESE ARE THE SIGNIFICANT CHANGES FROM SENATE ROLLBACK ONE 2025. REALLY KIND OF DEALING WITH PROPERTY TAX REFORM OVER THE NEXT FIVE OR SIX YEARS. 
          THE FIRST CHANGE LISTED IS MOST SIGNIFICANT FOR MANY COMMUNITIES CHANGE IN DEDUCTIONS FOR HOMESTEAD TAX PAYERS. PROPERTIES CAPPED BY THE CONSTITUTION. AT 1% IN TERMS OF THE AMOUNT OF PROPERTY TAXES THAT'LL PAY OUTSIDE OF REFERENDUM CONTEXT. 
          WE'LL SEE INCREASED DEDUCTIONS ON THOSE PARCELS OVER THE NEXT FIVE YEARS. BEGAN IN 2026. 
          OR INCREASED BETWEEN 2026 AND 2031. 
          THE SECOND MAJOR REFORM RELATES TO 2% PROPERTIES. 
          2% PROPERTIES ARE GOING TO BE RENTAL PROPERTIES. 
          APARTMENTS. FARMLAND, NOT THAT THERE'S A LOT OF IT HERE IN FISHERS BUT THOSE PROPERTIES HAVE NOT HISTORICALLY BEEN ELIGIBLE FOR PROPERTY TAX DEDUCTIONS. 
          BEGINNING THIS YEAR THEY HAVE A % DEDUCTION. 
          THAT PHASES IN TO A ONE-THIRD DEDUCTION BY 2031. 
          THE 1% PROPERTIES WILL HAVE A TWO-THIRD DEDUCTION. 
          THE 2% BY 2031. THE THIRD BULLET IS REALLY THE OTHER MAJOR FACTOR IN THIS COMMUNITY. 
          AND TAX PAYERS OF 2026 AND MOVING FORWARD ARE ELIGIBLE FOR A NEW PROPERTY TAX CREDIT. TAX PAYER SPECIFICALLY. 
          THAT TAX CREDIT IS 10% OF THEIR NON-REFERENDUM PROPERTY TAX BUILDING. CAPPED AT $300. 
          IT'S THE VERY LAST THING ON THE BILL. 
          SO AFTER THE IMPLEMENTATION OF $300. 
          AND THIS IS TO THE BENEFIT OF TAX PAYERS AND THEY SAW IT ON THEIR BILLS THIS YEAR. IT'S A REVENUE REDUCTION FOR LOCAL GOVERNMENTS INCLUDNG SCHOOL DISTRICTS. 
          THE NEXT TWO BULLETS WE HAVE ON HERE RELATE TO PERSONAL PROPERTY. THERE'S TWO DIFFERENT FORMS OF PERM PROPERTY REFORM. SENATE RULE ACT ONE ONE RELATES TO SMALLER BUSINESSES. SO NEXT YEAR UP TO 2027. 
          THOSE BUSINESSES ARE EXEMPT FROM PAYING PROPERTY TAXES ON THAT PERSONAL PROPERTY. MACHINERY AND EQUIPMENT AND WHAT'S NOT FIXED TO THE LAND. AND THE ORE IS LONG-TERM IMPLEMENTATION. THE ELIMINATION OF THE DEAPPRECIATION FLOOR. SO THOSE THAT WILL CONTINUE PAYING WILL BE ABLE TO DEPRECIATE THEIR EQUIPMENT MACHINERY TO A LORE LEVEL THAN THEY CAN TODAY FOR ANYTHING PUT IN PLACE JANUARY 1ST 2026. SO THAT IS MORE OF A LONG-TERM IMPLICATION. THE LAST TWO PIECES ARE COMPARATIVELY MINOR ESPECIALLY HERE AT HSC. 
          CHANGE RATE AROUND BASE RATE FOR FARLLAND THEN A SERIES OF DEDUCTIONS CONVERTED OVER TO IN THE SCHEME OF THE OVERALL 
          [00:05:03]
PICTURE THEY ARE PRETTY SMALL. SLIDE FOUR TAKES A LOOK AT THE COMPOSITION OF THE PROPERTY TAX BASE. 
          THE PIE CHART ON THE LEFT IS GROSS ASSESSMENT. 
          MIDDLE PIE CHART IS NET ASSET VALUE AND THAT'S INCLUSIVE OF TIFF ASSESSED VALUE. WHICH IS THE RELEVANT PIECE. 
          NOT KNOWN BY EVERYBODY. TIFF PAYS INTO A FUND. 
          DIFFERENT FROM OPERATIONS FUND AND NEXT SERVICE FUND. 
          SO YOUR TAX BASE IS A LITTLE BIT LARGER. 
          THE PIE CHART ON THE RIGHT IS FOR YOUR NET ASSESSED VALUE WITHOUT TIF INVESTMENT FUND. I'M REALLY FOCUSED ON THE TWO CHARTS ON THE LEFT. GROSS AND THAT NET ASSESS VALUE. PRETTY HEAVILY RESIDENTIAL. 
          WHICH IS COMMON. DOW HAVE A MIX OF BUSINESS PROPERTY PRESENCE HERE. SO AS WE TALK ABOUT THE DIFFERENT WAYS IT HAS BEEN REFORMED. 
          THIS IS IMPACTED BY ALL OF THEM TO A CERTAIN EXTENT BUT THERE'S A DEGREE OF BALANCE IN THE WAY YOUR TAX PAYMENT IS COMPRISED. 
          ON THE NEXT SLIDE FIVE I WANT TO FOCUS ON THE TWO PIECES ON THE BOTTOM. WE BREAK THOUGHT TOP CHART. 
          THE TWO COLUMN CHARTS ON THE BOTTOM WERE PROJECTING WHAT'S GOING TO HAPPEN WITH HOMESTEAD DEDUCTIONS. 
          OVER THE NEXT FIVE YEARS. AND BEYOND. 
          KEEP IN MIND WE'LL SEE GROWTH BETWEEN NOW AND-- $7.8 BILLION IN HOMESTEAD DEDUCTIONS. BY 2031 THIS IS PHASED IN $13.4 BILLION. SO REALLY WHAT THAT MEANS IS THE HOMESTEAD TAX PAYER THEIR NET ASSESSED VALUE IS LIKELY TO COME DOWN. WE THINK GROWTH AND DEDUCTIONS WILL OUTPACE GROWTH ASSESSED VALUES SO THE TAXABLE BASES FOR THE HOMESTEAD TAX PAYER WE ANTICIPATE COMING DOWN OVER THE NEXT FIVE YEARS. AND THEN FROM THERE IT GROWS ALONGSIDE GROSS ASSESSED VALUE. THE BOTTOM RIGHT CHART IS 2% DEDUCTIONS. SO KEEP IN MIND 2025 AND BEFORE THOSE RENTAL PARTS AND APARTMENT HOLMES. 
          LONG-TERM CARE SFALTS NOT ELIGIBLE FOR DEDUCTIONS. 
          THIS YEAR THEY ARE %. SO IT'S THE GROWTH AND DEDUCTION THAT TELLS THE STORY OF THE NEXT SLIDE. 
          THIS IS ONE OF THE MOST IMPORTANT FOR ANY SCHOOL DISTRICT BUT CERTAINLY FOR A DISTRICT THAT HAS AN ACTIVE OPERATING REFERENDUM. AS HAMILTON SOUTHEASTERN DOES. 
          SO WHAT WE HAVE IS ASISZED VALUES BEFORE DEDUCTIONS. 
          AND 2027 ONWARD. AROUND THE STATE. 
          GOING DOWN TO THE BOTTOM TWO LINES. 
          WE WANT TO FOCUS ON THE BLUE LINE ON THE VERY BOTTOM. 
          THAT IS YOUR NET ASSESS VALUE FOR YOUR DEBT SERVICE FUND AND YOUR OPERATIONS FUND. SO THAT'S EXCLUDEING TIFF ASSESS VALUE. AND IN THAT TEEL LINE JUST ABOVE IT IS TAX ASSESSED VALUE. DISCONNECT IS WE'VE SEEN GROSS ASSESSED VALUES GOING UP AND NET DOWN. 
          AND THAT COMES BACK TO THE IDEA THAT WE ANTICIPATE NET DEDUCTIONS GROW OVER THE NEXT FEW YEARS. 
          SO JUST FOR THE SCHOOL BOARD'S AWARENESS AND THE PUBLIC'S AWARENESS. THAT IS YOUR PROPERTY TAX LEVY DIVIDED BY ASSESSED VALUE. SO IF ASSESSED VALUES COME DOWN AS WE ANTICIPATE THEY WILL. THE LIKELY OUTCOME IS TAX GOES UP. WE PROJECT THAT HERE AND ALMOST EVERYWHERE IN THE STATE. I DO WANT TO SPEAK TO THE DOTTED LINE FOR JUST A MOMENT. WE'VE MAPPED GROSS ASSESS T VALUES TO BE IN LINE FOR THE SAME AVS AS THE TWO BLUE LINES BEFORE. THE DIFFERENCE BETWEEN THAT DOTTED BLUE LINE IS THE NEW DEDUCTIONS. 
          GROWTH AND DEDUCTIONS WE'LL SEE OVER THE NEXT FEW YEARS. 
          SO WITH THAT ROLLED BACK TO ONE WE ANTICIPATE THAT YOUR REFERENDUM ASSESSED VALUE THIS YEAR WOULD HAVE BEEN 13.6. 
          AND THAT GAP GROWS OVER TIME. SO WHAT THAT TRANSLATES TO IS THIS SLIDE WE'RE LOOKING AT HERE ON SLIDE SEVEN. 
          [00:10:06]
A REFERENDUM FUN IS CLASSIC PROPERTY TAXES. 
          EQUALS YOUR LEVY. AND IT DOESN'T HAVE TO BE SAME EXTENT THE IMPACT ON CIRCUIT BREAKER OR OTHER CREDIT TYPES. 
          SO AS YOU TAKE A FIXED REFERENDUM TAX RATE WHICH IS WHAT YOU HAVE TODAY, AND MULTIPLY IT BY WHAT WE ANTICIPATE TO BE DECLINING ASSESSED VALUES WE FORECAST THE LEVY TO COME DOWN OVER THE NEXT FEW YEARS AND AND THAT'S WHAT'S BRINGING ABOUT THE REFERENDUM CONVERSATION IN MANY PLACES AROUND THE STATE THAT HAD A REFERENDUM TODAY. 
          IS DISTRICTS HAVE A DECISION TO MAKE. 
          ARE THEY GOING TO ADAPT TO A LOWER REVENUE. 
          THAT'LL BE A CHALLENGE OF COURSE. 
          ARE THEY GOING TO GO TO THEIR COMMUNITY AND ASK FOR A DIFFERENT TYPE OF SUPPORT? SO WHAT WOULD HAPPEN WITH LEVIES SFT SCHOOL DISTRICT TAKES NO ACTION. 
          THAT ASSESSED VALUES COME DOWN OVER THE COMING YEARS. 
          JUST SORT OF ONE DIFFERENT WAY OF LOOKING AT THIS. 
          AGAIN GOING BACK TO THE DOLTED TEEL LINE WE HAD TWO SLIDES AGO. HAD PROPERTY TAX REFORM NOT OCCURRED. HAD WE NOT SEEN THE CHANGE IN DEDUCTION PATTERNS, WE'VE LISTED ON HERE THE AMOUNT THAT WE ANTICIPATE. THE SCHOOL DISTRICT WOULD HAVE BEEN ABLE TO COLLECT ON TOP OF WHAT IT ACTUALLY WILL IN HIS REFERENDUM FUND. SO THIS YEAR JUST UNDER $2 MILLION. WHICH MAKES SENSE IF YOU THINK ABOUT IT. IT WAS A BILLION DOLLARS LESS AT ROUGHLY A 20 CENT TAX RATE. THAT COMES OUT TO $2 MILLION AND IT GROWS OVER TIME AGAIN. AS THOSE DEDUCTIONS KICK IN. 
          CONSUME LAT RAVI BETWEEN 2026 AND 2013 ABOUT $45 MILLION THE DISTRICT WOULD HAVE BEEN ABLE TO COLLECT UNDER THE PREVIOUS STRUCTURE. SO SLIDE NINE IS THE SIX HAMILTON COUNTY SCHOOL DIST DISTRICTS. FOR 2026 SHOWING NET LEVY WE WOULD ANTICIPATE THE DISTRICTS COLLECTING BETWEEN THEIR OPERATIONS FUND AND THE OPERATING REFERENDUM FUNDS. 
          5 OF THE 6 HAMILTON COUNTY SCHOOL DISTRICTS HAVE BEEN OPERATING REFERENDUM FUNDS SO THEY COLLECT MORE NATURALLY THAN THE DISTRICT THAT DOESN'T. FOR HAMILTON SOUTHEASTERN WE'RE AT $1300 WHICH IS THE LOWEST AMONG YOUR FIVE PEERS THAT HAVE AN OPERATING REFERENDUM HERE IN THE COUNTY. 
          THIS SLIDE IS NOT OPERATING REFERENDUM SPECIFIC BUT IS IMPORTANT TO ANY SCHOOL DISTRICTS STORY. 
          THE OPERATIONS FUND IS THE WAY THAT YOU FUND OR SCHOOL DISTRICTS FUND BUS DRIVERS AND KUS TODAY SCOMBRNS YOUR UTILITY BILL. PROPERTY AND CASUALTY INSURANCE. STATE AVERAGE ON A PER STUDENT BASIS THAT SKOOM DISTRICTS COLLECT IS 1952 AND THE MEDIAN IS JUST ABOVE THAT. HERE YOU COLLECT $1869 PER STUDENT WITHIN THE OPERATIONS FUND. 
          THAT'S WHAT WE ESTIMATE FOR THIS YEAR. 
          IN THE 38TH PERCENTILE. WHAT'S CHALLENGING IS THERE IS ONLY SO MUCH THERE THAT'S OPTIONAL. 
          YOU HAVE TO PAY TO GET KIDS TO AND FROM SCHOOL AND TO YOU PAY FOR PROPERTY AND CASUALTY INSURANCE. 
          IT'S HARD TO CONTROL UTILITY COSTS. 
          AND THESE ARE THE RESOURCES YOU HAVE TO WORK WITH FOR THAT PURPOSE. SO I WANT TO GET BACK TO SENATE ENROLLED ACT ONE IMPLICATIONS. HERE IS UNFUNDED CREDITS. 
          SCHOOL DISTRICT FOR YEARS HAS BEEN USED TO NAVIGATING CIRCUIT BREAKER. OR PROPERTY TAX CAPS. 
          ONE TWO AND THREE. THAT'S WHAT WE'RE DISPLAYING IN THE NAVY PORTION OF THE STACK COLUMN CHART. 
          SO LAST YEAR SCHOOL DISTRICTS HAD ABOUT $4.6 MILLION IN CIRCUIT BREAKER LOSS. WE SEE YOUR CIRCUIT BREAKER LOSS DROPPING DOWN PRETTY CLOSE TO 0 IN THE YEARS AHEAD. 
          AND THAT LARGELY I THINK IS BY DESIGN IN THE WAY THAT THIS NEW DEDUCTION STRUCTURE COMES INTO PLAY. 
          AS HOMESTEAD TAX PAYER NET ASSESS VALUES COME DOWN, THAT'S GOING TO PUSH THAT TAX RATES. IT'S ALSO GOING TO SHIFT A PORTION OF THE PROPERTY TAX BURDEN AWAY FROM HOMESTEAD TAX PAYERS. AND TO OTHER TAX PAYERS. 
          COMMERCIAL TAX PAYER SPECIFICALLY. 
          SO WE SEE YOUR CIRCUIT BREAKER LOSS WITH WHAT WE KNOW TODAY REALLY GETTING PRETTY CLOSE TO 0. 
          IT IS REPLACED FOR WHAT IT'S WORTH BAY NEW CREDIT. 
          STARTING IN 2026 AGAIN WE AS HOMEOWNERS HAD A NEW TAX CREDIT ON THE BOTTOM OF OUR PROPERTY TAX BILL. 
          10% OF OUR BILL IN THE REFERENDUM FUND. 
          UP TO A MAXIMUM OF $300. SO THAT'S TO THE BENEFIT OF THE TAX PAYER BUT IT'S A REDUCTION IN REVENUE TO THE SCHOOL 
          [00:15:01]
DISTRICT. THE COUNTY, THE CITY. 
          SO CUMULATIVERY YOUR UNFUNDED CREDITS THIS YEAR WE HAVE IT JUST UNDER 6 F$.7 MILLION STAYED PRETTY CLOSE TO THAT WE THINK IN 2027. AND THEN DROP DOWN A BIT AS WE SEE YOUR CIRCUIT BREAKER LOSS GOING DOWN. 
          BUT THAT 10% CREDIT IS PERSISTENT. 
          THAT'LL BE ON THE TAX BILL MOVING FORWARD. 
          AND THAT'LL BE A PIECE OF WHAT THE SCHOOL DISTRICT HAS TO NAVIGATE IN ITS OPERATIONS FUND. 
          JUST TO KIND OF TECHNICAL NOTE. WHAT WE'RE LOOKING AT WITH THE TWO DIFFERENT COLOURS IN 2026. SCHOOL DISTRICTS HAD THE OPTION FOR 2026 ALONE TO HAVE THAT CREDIT DISTRIBUTED TO BOTH THE OPERATIONS FUND AND THE DEBT SERVICE FUND. 
          THE LARGE MAJORITY OF SCHOOL DISTRICTS IN INDIANA CHOSE TO DO THAT. HAIM SOUTHEASTERN CHOSE TO DO THAT. AND SO WHAT THAT MEANS IS THAT FOR ONE YEAR THERE'S GOING TO BE A LITTLE BIT OF PROTECTION FOR YOUR OPERATIONS FUND. BY 2027 IT WILL HAVE FULL IMPACT OF THAT NEW CREDIT. SO REALLY THAT'S WHAT WE'RE LOOKING AT HERE ON SLIDE 12. IT IS SHOWING WHAT WE ANTICIPATE TO BE YOUR OPERATIONS FUND NET LEVY. 
          YOUR ACTUAL NUMBERS FROM 2025. WHAT WE ESTIMATE FOR 2026 AND MOVING FORWARD. LONG-TERM OPERATIONS FUND GROWS IN TERMS OF NET LEVY. ADD BY THE LOSS COMING DOWN TO 0. 2027 IS NOT GOING TO BE THE EASIEST YEAR TO MANAGE. SPLIT THE DEBT SERVICE OPERATIONS SHIFT ENTIRESLY OR ALMOST ENTIRELY TO THE OPERATIONS FUND IN THE YEAR AHEAD. 
          SO WE WOULD ESTIMATE WHILE WE SAW A DEGREE OF GROWTH IN 2026. 
          IN 2027 YOUR OPERATIONS FUND WILL BE PRETTY FLAT. 
          AND THEN KIND OF KICK BACK UP INTO A MODEST GROWTH FROM THERE. SO NOW MOVING INTO A FEW OF THE REFERENDUM SPECIFIC PIECES ON SLIDE 14. 
          THE MODEL THAT WE'VE USED TO PROJECT REFERENDUM OPTION FOR THE SCHOOL DISTRICT IS BASED UPON 6% GROWTH. 
          . WHAT WE'RE LOOKING AT HERE ON THE TWO DIFFERENT LINES IS THE ORANGE LINE. 
          IF THE SCHOOL DISTRICTS TAKES NO ACTION AND STICKS WITH THE SAME TAX RATE FROM A FEW SLIDES AGO YOU WOULD SEE YOUR OPERATING REFERENDUM LEVY LIKELY COMING DOWN. 
          OVER THE NEXT FEW YEARS GETTING TO THIS LOW POINT, WE WOULD ANTICIPATE 2031 WHICH IS THE LAST YEAR OF THAT DEDUCTION PHASE IN. AND THEN BEGINNING TO GROW FROM THERE. THE MODEL WE LOOKED AT 6% GROWTH IN LEVY. AND SO IF IT'S PASSED AND IF THE SCHOOL BOARD GOES WITH EXACTLY THAT LEVY, TOTAL FOR 2027 YOU COULD BE $28.8 MILLION THAT YEAR. 
          30.5 AND SO ON. FROM A TAX RATE PERSPECTIVE AND JUST TO EMPHASIZE FOR MODELLING PURPOSES. 
          THE DISTRICT'S NOT LOCKED INTO THESE SPECIFIC RATES. 
          THIS IS A DECISION YOU'LL BE ABLE TO MAKE EACH YEAR WHEN BUT THROUGH THE BUDGETING PROCESS. YOU'LL BE CAPPED AT A MAXIMUM RATE AND LEVY FOR THAT MATTER AS WELL. 
          THAT FLEXIBILITY IS THERE. THESE ARE THE NUMBERS USED TO MODEL. IF THE DISTRICT DOES NOTHING WE'D SEE YOU AT THE 1995 RATE THROUGH THE END OF YOUR CURRENT REFERENDUM. THE MODEL WITH 6% LEVY. 
          '26 AND 39 AND 2028 SO ON AND SO FORTH. 
          SO THAT COMES BACK TO IT'S GROWING BUT ALSO PUSHING UP PROPERTY TAX RATES. SO I DO WANT TO SORT OF PAUSE FROM THE FORECAST WHAT IT MEANS FOR YOUR TAX PAYER. 
          AND TALK ABOUT THE BALLOT QUESTION FOR JUST A MOMENT. 
          FOR ANY SCHOOL DISTRICT THAT'S GOING THROUGH THIS EXERCISE AND CONSIDERING AN OPERATING REFERENDUM, THIS IS A REALLY IMPORTANT PIECE TO BE DIALLED INTO. 
          IT'S CHANGED. SINCE 2023 AND THE LAST REFERENDUM WAS RUN. AND THE BALLOT QUESTION HAS CHANGED IN THE LAST DECADE PLUS. 
          KEY THINGS TO NOTE THE BALLOT QUESTION THIS CYCLE WILL REQUIRE THE SCHOOL DISTRICTS TO LIST THE MEDIAN ASSESSED VALUE FOR A RESIDENCE WITHIN THE COMMUNITY. 
          THE NUMBERS THAT WE CALCULATED AS A FIRM WERE IN THE 390 RANGE. THE NUMBERS THAT THE COUNTY AUDITOR HAS REPORTED. AND BY THE WAY THE COUNTY AUDITOR FOLLOWED DEALS. I THINK THEY DID IT THE WAY THEY WERE SUPPOSED TO. THE WAY THE COUNTY AUDITOR CALCULATED IT WAS IN THE 373 RANGE. 
          FOR THE BALLOT QUESTION ET WILL BE THAT VALUE ROUNDED UP TO THE NEA NEAREST $50,000. 
          SO WE ANTICIPATE HERE WHERE THE COUNTY AUDITOR IS REPORTING MEDIAN ASSESSED VALUE OF $373400 THAT THE BALLOT QUESTION WILL SAY $400,000. FROM THERE THE AUDITOR WILL 
          [00:20:01]
APPLY 2027 DEDUCTIONS TO CALCULATE THEORETICAL NET ASSESSED VALUE ON THE $400,000. AND THEY'LL MULTIPLY IT BY THE MAXIMUM TAX RATE THAT THE BOARD AUTHORIZES. 
          SO AS WE LOOK AT THESE TWO COLUMNS HERE, JUMPING TO THE END AS THE WAY WE'VE MODELLED THIS. 
          WITH A MAXIMUM TAX RATE OF 36 CENTS. 
          THE BALLOT QUESTIONS WILL USE THAT MAXIMUM TAX RATE WHETHER IT'S 36 CENTS OR ANYTHING ELSE THAT THE BOARD LATINED LANDS ON. IT WILL BE THE $400,000 GROSS ASSESSED VALUE. TRACTING OFF DEDUCTIONS MULTIPLIED BY 36 CENTS. AND WE ESTIMATE THAT THE BALLOT QUESTION WILL HAVE A DOLLAR AMOUNT OF $700 AS THE IMPACT TO THE TAX PAYER. IF WE USE THESE EXACT VARIABLES. IN REALITY IN THE WAY WE'VE MODELLED THIS AGAIN, SO WE'RE GOING TO STICK WITH THAT $400,000 GROSS ASSESSED VALUE. WE'VE EVEN TRENDED IT UPWARD IN THE INTEREST OF TRYING TO BE CAUTIOUS AND CONSERVATIVE. 
          AND APPLIED A DEGREE OF TRENDING TO SAY IT'S GOING TO BE $413. IF IT'S $400,000 IN 2026. 
          APPLY DEDUCTIONS BY THE 22 CENT TAX RATE THAT WE'D USED AND WE WOULD ANTICIPATE THE FIRST YEAR IMPACT FOR YOUR PROPERTY TAX PAYER IS $445. SO A CHALLENGING MESSAGE FOR ANY DISTRICT GOING THROUGH THIS PROCESS. 
          THE BALLOT QUESTION MAY PRESENT A DOLLAR AMOUNT THAT'S DIFFERENT THAN WHAT YOUR TAX PAYER IS ACTUALLY GOING TO PAY. 
          AND THEN THE PIECE I'LL LAYER ON TOP OF THAT TOO IS THE PA LOT QUESTION DOESN'T FACTOR IN THAT THE TAX SPARE PAYING AN REFERENDUM TODAY. LIT LIST SIMPLY THE REFERENDUM LIABILITY SO GETTING TO-- SLIDE 17 NOW. 
          YOUR MEDIAN TAX PAY ER WHO HASA $400,000 GROSS ASSESSED VALUE THIS YEAR, WE CALCULATE AS PAYING $421 TOWARD AN OPERATING REFERENDUM THIS YEAR. WE WOULD SEE THAT SAME TAX PAYER GETTING THE 445 NEXT YEAR. 
          463 IN THE YEAR AFTER THAT. THIS AGAIN IS WHAT THAT 6% GROWTH IN THE LEVY AND WHAT THAT DOES FOR THE PROPERTY TAX RATE. TO MAKE SURE WE BALANCE THE CONVERSATION, IF THE DISTRICT DOESN'T TAKE ANY ACTION, OR IF THE REFERENDUM IS NOT APROVED AND YOU STICK WITH YOUR CURRENT RATE. THAT LIABILITY FOR THE TAX PAYER LIKELY GOES DOWN. OVER THE NEXT FEW YEARS. 
          AND THEN THE PIECE THAT WE'VE MODELLED ON THE TOP-- JUST ON THE DOTTED LINE. IT'S JUST FOR COMPARISON SAKE. 
          AGAIN KIND OF WITHOUT PROPERTY TAX REFORM. 
          IF WE DIDN'T SEE THE CHANGE IN DEDUCTION STRUCTURE, AND WE STUCK WITH THAT 1995 RATE, WE WOULD SEE YOUR TAX PAYER THIS YEAR THEY WOULD HAVE PAID $456 AT THAT SAME GROSS ASSESSED VALUE. AND KIND OF GROWING OVER TIME. 
          SO THE MODELLED VERSION OF THESE TAX PAYER LIABILITIES WE'VE ASSUMED IS STILL AT A LOWER LEVEL THAN WHAT THE TAX PAIR WOULD HAVE PAID INTO THE REFERENDUM FUND BEFORE PROPERTY TAX REFORM. SLIDE 18 PROJECTED SCHOOL TAX RATES. OUTSIDE OF THE CONVERSATION WE SEE YOUR TAX RATE LIKELY GOING UP FOR THE OPERATIONS AND DEBT SERVICE FUND. SAME FORECAST TO BE TRUE FOR THE CITY AND THE COUNTY. TOWNSHIP GOVERNMENT. 
          FUNCTION OF GROWING VALUES. A GAP IF THE COMMUNITY APPROVED A HIGHER REFERENDUM RATE THAT TAX RATE WILL BE HIGHER. 
          AND PROBABLY ONE OF THE MOST IMPORTANT SLIDES IS THE OVERALL IMPACT TO THE TAX PAIR. BOTTOM PIECE WITH THE ORANGE YELLOW SCOMPLIENS I'LL COME BACK UP AND ADDRESS THE DOTTED ORANGE LINE. YOUR MEDIAN TAX PAYER AT THAT $400,000 GROSS ASSESSED VALUE WE ESTIMATE IS PAYING $4280 THIS YEAR. IT WOULD GROW SLIGHTLY IN 2027. 
          BUT REALLY THAT LINE IS PRETTY FLAT IF WE STAY ON THAT ORANGE LINE. BETWEEN NOW AND 2031. 
          THERE'S A DEGREE GAP INCREASED IN REFERENDUM LIABILITY. 
          SHOULD BIT APPROVED BY THE VOTERS. 
          THE COMPARISON POINT I'LL THROW OUT THERE IS THE DOTTED LINE ON THE TOP. WITHOUT PROPERTY TAX REFORM, SO WITHOUT CHANGES IN DEDUCTION STRUCTURES. 
          WITHOUT THE NEW FOR MOST TAX PAYERS HERE $300 CREDIT. 
          10% UP TO $300, YOUR MEDIAN TAX PAYER WE THINK AT THAT $400,000 GROSS AV WOULD BE ABOUT $4588 AND GROWING. 
          SO THE MODEL WAS AN INCREASE TO THE BASELINE. 
          SO REALLY THE LAST PIECE OF CONTENT WE HAVE. 
          THIS IS JUST A GENERIC FORM OF WHAT THE BALLOT QUESTION LOOKS LIKE. BUT THE PIECES I WANT TO POINT OUT THAT ARE SORT OF NUMERIC IN NATURE, YOU'LL BE REQUIRED TO 
          [00:25:02]
LIST THAT MEDIAN ASSESSED VALUE. 
          WHICH WE ANTICIPATE WILL BE $400,000. 
          THAT MEDIAN INCREASE. WHICH WE'D ANTICIPATE BEING $700. IF THE DISTRICT OPTS TO GO WITH THAT 36 CENT TAX RATE. WE'VE ALSO PUT ON HERE THE SCHOOL DISTRICT WILL BE REQUIRED TO LIST A MAXIMUM LEVY. AND SO REALLY THE FUNCTION OF THAT MAXIMUM LEVY IS TO SERVE AS A CONSTRAINT IN THE EVENT THAT ASSESSED VALUES GO HIGHER. THAN WHAT WE'VE ASSUMED TODAY. 
          SO THE DISTRICT WILL ULTIMATELY BE CONSTRAINED BY THE MORE NARROW OF THOSE TWO. THE TAX RATE OR THE LEVY THAT'S PUT ON THE BALLOT QUESTION. IF WE GO BACK TO OUR NUMBERS, YOU'LL NOTICE THERE WAS NEVER A YEAR WHERE THE TAX RATE HIT 36 CENTS OR A YEAR WHERE THE LEVY HIT 47 5. 
          THOSE NUMBERS IF THE DISTRICT OPTS TO MOVE FORWARD WITH THEM PROVIDED A DEGREE OF FLEXIBILITY. 
          IN THE EVENT OF JUST-- YOU KNOW, DIFFERENT AV OUTCOMES OVER TIME OR DIFFERENT POLICY CHANGES. 
          SO REALLY THAT'S THE MATERIALS THAT WE'VE PREPARED. 
          DR. KEGLY IF YOU WOULD LIKE ME TO I'D BE HAPPY TO ANSWER ANY 
          QUESTIONS. >> SUZANNE THOMAS WOULD YOU LIKE TO GO FIRST? NO. 
          SARAH PARKS REECE? LATRICA SCHOOLEY? BEN ORR? ANY QUESTIONS? 
          >> I CAN'T SAY-- I DON'T THINK I HAVE ANY QUESTIONS. 
          I'LL PROBABLY HAVE SOME COMMENTLES LATER. 
          EXCELLENT PRESENTATION. I MEAN IT MAKES SENSE. 
          THANK YOU. RECEIVING FEWER FUNDS AND TRYING TO STAY EVEN. A LITTLE BIT UNDER EVEN. 
          I THINK THAT WAS SLIDE 19 AND TWO MARX. 
          SLIDE EIGHT AND 19 REALLY I THINK SHOW KIND OF THE STORY OF WHAT'S HAPPENING. WITH EIGHT IS ESSENTIALLY FROM A WRONG ILLUSTRATING-- WOULD HAVE BEEN, IF YOU HAD THE BARS TOGETHER, THE GREEN AND THE BLUE, THAT WOULD HAVE BEEN WITHOUT SEA1 AT OUR CURRENT RATE? 
          >> THAT'S RIGHT. SO IF YOU COMBINE, THIS WOULD HAVE THE GREEN AND THE BLUE THERE, THOSE NUMBERS ARE WHAT WE EXPECT YOUR LEVY WOULD HAVE BEEN. 
          AT THE 1995. >> WITHOUT ANYTHING ELSE. 
          IT WOULD HAVE GROWN THAT MUCH. AND THIS IS WITHOUT IT THERE. 
          AND FLIP OVER TO 17 KIND OF FURTHER ILLUSTRATES THAT. 
          BUT THEN IT ADDS IN AN OPERATING REFERENDUM IDEA OF 6% LEVY GROWTH. WHICH IS SOMEWHERE IN BETWEEN. 
          >> THAT'S RIGHT. AND I SHOULD SAY 6% LEVY GROWTH DOESN'T NECESSARILY TRANSLATE TO A 6% DIFFERENCE TO THE TAX PAYER'S BILL. IN FACT THE HOMESTEAD TAX PAYER. IT WOULDN'T TRANSLATE TO THAT. 
          >> WE CAN CONTROL A RATE OR WE CAN CONTROL OUR LEVY. 
          YOU CAN'T DO BOTH. >> YES. 
          >> SO I THINK WE'RE-- I THINK WE'RE STEERING TOWARDS MAYBE THAT'S HOW WE GET OVER TO TIM'S PORTION. 
          TOWARDS TRYING TO CONTROL THE LEVY. 
          DOES THAT MAKE SENSE? >> YEAH. 
          I MEAN EVERY YEAR DURING THE BUDGET PROCESS WE WOULD KNOW THE AV GOING IN. SO ONCE WE VOTE ON THE RATE, THAT WOULD DETERMINE THE LEVY. AS MR. PARKINSON SAID IT'S A FORMULA BASED MODEL WHERE WE TAKE THE RATE TIMES THE AV AND IT EQUALS THE LEVY. SO THAT IS THE CONTROL THAT THE BOARD WOULD HAVE AT THEIR DISCRETION. 
          >> AND BECAUSE THIS-- THE WAY SEA ONE OPERATES, IT PUTS IN DIFFERENT IMPACTS EACH YEAR. THAT CHANGES THE PERCENTAGE SO IT'S NOT A STRAIGHT LINE. SO YOU LOSE MORE EACH YEAR UP TO 2031 AND THEN IT STARTS TO RISE AGAIN. 
          AND THAT'S WHY I THINK-- AND NOW-- I DIDN'T MARK THAT PAGE. 
          BUT ONE OF THESE PAGES SHOWED ABOUT 33 CENTS IS THE MAX AT THE END. YEAH THERE IT WAS. 
          SO YOU NEED TO GENERATE TO KEEP UP, YOU INCREASE THE RATE EACH TIME. BUT FOR THE BALLOT QUESTION, WE KNOW THIS FROM LAST TIME, WE'D HAVE TO PUT THE 33 OR SOMETHING SIMILAR ON THERE. AND THEN EACH ANUALLY-- EACH BUDGET CYCLE VOTE IN WHAT WE NEEDED OF THE 33. 
          >> YEAH. AND YOU REALLY HIT ON SOMETHING THAT'S REALLY KEY. THIS IS AN EXTREMELY NEW CONCEPT, RIGHT. SO HISTORICALLY, YOU SET A RATE OF 1995 PER SE. AND THE AV GREW EVERY YEAR COLOUR BAR GRAPH AND THE LEVY GREW. 
          WHAT'S NEW IS AV DECLINING EVERY YEAR. 
          WE HAVE TO CREATE A MAX RATE AND LEVY FOR THE EIGHT YEAR PROCESS. GOSH, WHO KNOWS WHAT LIFE LOOKS LIKE IN EIGHT YEARS. SO WE'RE DOING OUR BEST TO PREDICT THAT KNOWING WE'RE GOING TO HAVE TO GET A LITTLE BIT MORE AND A LITTLE BIT MORE EVERY YEAR. 
          [00:30:01]
IT'S A LITTLE BIT OF A PREVIEW FOR THE NEXT ONE SO I CAN GO 
          INTO SOME MORE DETAIL. >> OKAY I'LL LET DOW THAT. 
          THAT KIND OF GETS TO MY QUESTION. 
          IS SWITCHING MODES AND WE HAVE TO CONSIDER BOTH HERE RIGHT. 
          WE'RE PROTECTING THE SCHOOL CORPORATION. 
          WE'RE ALSO TAXING AUTHORITY. AND WE HAVE TO PROTECT THE TAX PAYERS. IF WE BALANCE THOSE EVERY DAY, MY CONCERN IS WHEN YOU PASS IT AT THAT HIGHER RATE, IN THEORY, THE NEXT YEAR THE BOARD COULD APPROVE JUST CASH IT ALL IN AND TAKE THAT WHOLE RATE. IS THERE ANYTHING TO PROTECT TO PROTECT THE TAX PAYER FROM THAT HAPPENING? 
          >> YEAH, GREAT QUESTION. AND WE CAN EVEN TALK ABOUT THAT MORE. BUT THE IDEA BEHIND IT IS-- THE BOARD HAS THE COMPLETE AUTHORITY TO DETERMINE WHAT THAT RATE IS. ON AN ANNUAL BASIS. 
          WE CERTAINLY COULD PUT INDEXES AND CAPS ON THAT GROWTH. 
          THERE'S SOME PROS AND CONS TO DOING THAT. 
          NOT KNOWING WHAT ADDITIONAL LEGISLATIVE ACTION TAKES PLACE. 
          NOT KNOWING WHAT AV GROWTH. I WILL SAY THE TEAM FROM POLY-- ALITTICS AND THE PARTIAL DATA THEY ARE ABLE TO USE TO PREDICT THESE NUMBERS IS OUTSTANDING. BUT I THINK THEY WOULD READILY ADMIT THAT EIGHT YEARS OUT, IT'S REALLY TOUGH FOR ANYBODY. 
          >> WELL I THINK BACK TO EIGHT YEARS AGO. 
          FISHERS DIDN'T LOOK MUCH LIKE IT DOES TODAY. 
          >> EXACTLY. >> BUT THERE'S NO MECHANISM TO ESSENTIALLY PASS THIS OR PUT IT INTO THE FORM OF A BALLOT QUESTION. OF-- WE'LL TAKE 22 CENTS THE FIRST YEAR AND 24 THE NEXT YEAR. 
          IT DOESN'T WORK LIKE THAT. YOU HAVE TO PASS IT AT THE 
          MAXIMUM. >> THAT COULD NOT GO ON THE BALLOT. THEY'LL ONLY FOCUS ON THE 
          MAXIMUM. >> OR WHOEVER IS ON THE BOARD AT THOSE TIMES. LOOKING EIGHT YEARS DOWN THE ROAD. IT COULD BE-- PROBABLY WILL BE ALL NEW PEOPLE HERE. THEY'D JUST BE AT THE MERCY OF THE WORD TO STICK TO THIS PLAN I WOULD SUPPOSE. 
          >> YEAH. IT WOULD BE ANNUAL THOUGH. 
          PART OF THE BUDGETARY PROCESS. MUCH LIKE THE BOARD HAD THE AUTHORITY WHEN 1995 WAS APPROVED TO PASS 1895 IN CALENDAR YEAR 2024. AND THROUGH THE RESOLUTION, THE BOARD COULD PUT INDEX CAPS ON THAT. 
          AGAIN THERE'S PROS AND CONS TO THAT-KNOWING WHAT ANNUAL YEARS LOOK LIKE. GREAT QUESTIONS. 
          >> ALL RIGHT, THANK PS ZMRP I'M GOING TO PIGGYBACK UNLESS DAWN 
          WANTS TO GO NEXT. >> DAWN YOU HAVE TO QUESTIONS? 
          >> OKAY. >> MY QUESTION AND IF YOU FEEL THIS IS BETTER SERVED UNDER DR. KEGLY'S PORTION, THAT'S FINE TOO. BUT THE PROJECTED RATE PATH WAS KIND OF PROJECTED AT 6%. I KNOW AS A DISTRICT WE HISTORICALLY DISCUSSED 3% PLANNING ASSUMPTION. 
          SO IS THERE REASON 6% WAS CHOSEN? 
          >> YEAH, DO YOU MIND GOING BACK TO SLIDE FIVE? SO GREAT QUESTION. HISTORICALLY, WHAT YOU SEE ON THE SCREEN IN THE TOP RIGHT IS THE OPERATIONAL DEBT SERVICE GROWTH OF 6. 5% IN THE NET ASSESS VALUE OVER THE LAST TEN YEARS. DURING THAT SAME TEN-YEAR WINDOW, OUR REFERENDUM AV GREW BY 7.1%. 
          THERE WAS AN OUTLIER YEAR IN 2023 WHERE AVS SKYROCKETED ACROSS THE STATE. AND SO IF YOU TAKE THAT OUT, THE AVERAGE WAS 6.1% NET AV GROWTH ON AN ANNUAL BASIS. 
          SO WE JUST TRIED TO MIMIC OUR TEN-YEAR HISTORY IN AV GROWTH. 
          AND AS A RESULT, LEVY GROWTH. IN WHAT WE PROJECTED OUT FOR THE NEXT EIGHT YEARS. SO I'M REALLY GLAD YOU MENTIONED THAT. IT WAS VERY STRATEGIC ON OUR PART TO FOCUS ON THAT 6%. BECAUSE THAT'S HISTORICALLY WHAT THIS REFERENDUM FUND HAS BEEN ABLE TO DO. 
          NOW DHAURG TIME, WE CERTAINLY HAVE CHANGED RATES. 
          SO WE DIDN'T NECESSARILY ALWAYS SEE THAT. 
          WE WENT FROM 2275 DOWN TO 1995 WITH THE PASSING OF THE REFERENDUM IN 2023 BEGINNING FOR TAX YEAR 2024. 
          BUT OVER THAT TEN YEAR PERIOD, THAT'S WHY. 
          >> MY QUESTION HONESTLY COULD GO FOR EITHER YOU MATT OR TIM. 
          CAN WE HAVE ANY OTHER DISTRICTS MADE A REFERENDUM LARGER TO REPLACE OPERATIONAL RATE MAKING IT 0 TO CAPTURING ALL TIFF PARCELS? HAS THAT BEEN DONE AT ANY TIME 
          THAT YOU COULD RECALL POSSIBLY? >> COULD YOU REPEAT IT? 
          >> RIGHT SO WE'RE OFFSETTING FOR TIFF PARCELS. 
          SO INCREASING THE REFERENDUM RATE, LARGER THAN WHAT WE'VE TALKED ABOUT NOW TO REPLACE THE OPERATIONAL RATE. 
          SO MAKING THE OPERATIONAL RATE 0. 
          CAPTURING ALL TIFF PARCELS. >> SO ESSENTIALLY 
          ELIMINATING--. >> YEAH, IT'S INTERESTING YOU MENTION THAT QUESTION. I HAVE INFORMAL A HAD DIALOGUE WITH ONE DISTRICT THAT'S CONSIDERED THAT AS AN IDEA. 
          I'M NOT AWARE OF ANY DISTRICT THAT'S DONE IT. 
          BUT IT'S INTERESTING YOU MENTION IT YOU'RE THE SECOND DISTRICT WHO HAS BROUGHT IT UP IN CONCEPT. 
          [00:35:02]
          >> I WOULD JUST PIGGYBACK SLIGHTLY THAT THUNDER PROCESS NOW THE OPERATIONS FUND HAS A MAXIMUM GROWTH QUOTIENTLE THAT GOES ALONG WITH IT THAT ALLOWS US TO INCREASE THE LEVY THAT WE GET ON AN ANNUAL BASIS. THAT IS NOT SOMETHING THAT IS CONTROLLED BY THE BALLOT. OBVIOUSLY WE WANT THE COMMUNITY TO HAVE INPUT. PUTTING IT ALL ON THE BALLOT I THINK DOES COME WITH SOME RISK SO THAT WOULD BE A STRONG CONSIDERATION OF WHAT YOU'RE MENTIONING. 
          >> AWESOME, THANK YOU. SUZANNE DID YOU HAVE ANY 
          QUESTION SMS. >> I DID. 
          MORESO FOR UNDERSTANDING. AND FOR PEOPLE WHO ARE LISTENING IN RIGHT NOW. OR WHO ARE GOING TO LISTEN TO THIS TOMORROW. WHEN YOU TALK ABOUT ANNUAL LEVY. CAN YOU CLARIFY FOR PEOPLE WHAT THE ANNUAL LEVY AMOUNT IS. THIS IS THE MAX AMOUNT THAT IS DISTRICT IS AUTHORIZED TO COLLECT. 
          IT DOES NOT MEAN THEY ARE COLLECTING IT ALL IN ONE 
          SITTING. >> SURE. 
          SO TERMINOLOGY WISE, PROPERTY TAX LEVY IS THE DLR AMOUNT THAT THE PORTION THAT GOES ON THE BALLOT. 
          THIS ISN'T A COMMITMENT BY THE DISTRICT THAT YOU WILL COLLECT 475 AT ANY POINT. AND IF WE TOOK THAT MAXIMUM TAX RATE TIMES 47,500 IT MAY OR MAY NOT GET THERE IN THE YEARS. 
          IT WOULD PROBABLY REQUIRE. >> AND THE REASON WE DON'T DO IT THIS WAY IS SO WE DON'T KEEP COMING BACK AND SAY HEY WE WANT TO REDO A REFERENDUM IF YOU WILL. 
          THE BOARD WILL COME IN AND RE-LOOK AT THE BUDGET EVERY YEAR. AND WE MIGHT NOT BE THERE RIGHT NOW. BUT HISTORICALLY I'VE SEEN IN THE PAST, THAT PEOPLE-- THE DISTRICTS HAVE BEEN ABLE TO GO DOWN. IF FOR SOME REASON IT WAS BEING SUCCESSFUL AND WE DIDN'T HAVE LEGISLATION. 
          TYING OUR HANDS TOGETHER ON SOME THINGS THAT IF FOR SOME GREAT THING, WE HAVE A BURST IN THE COMMUNITY. 
          AND LEGISLATIONS FIXES OUR NUMBERS. 
          THERE'S CHANCES OUR RATES CAN COME DOWN. 
          SO WE ARE LOOKING AT .22 IN THE FUTURE. 
          IF WE DENTED NEED IT AND FOR SOME REASON WE CAN GO I'M SAYING WE HAVE THE CAPABILITES OF GOING DOWN AND WE NEED TO IF WE WERE LOOKING AT THAT EVERY YEAR. 
          I KNOW WE'RE PROJECTING WE'RE GOING UP. 
          BUT I'M WANTING THE PUBLIC TO HEAR YOU THAT EVERY YEAR, THIS IS OUR MAX. AND EVERY YEAR, AS A BOARD, WE WILL LOOK-- WORK ON IT WITH THE FINANCIAL BUDGET ADMINISTRATION. AND SEE WHERE WE'RE GOING. 
          SO IT'S POSSIBLE THE RATE COULD COME DOWN. 
          >> IF YOU WOULDN'T MIND GOING BACK TO THE SLIDE. 
          GROSS AV NET AV ON IT. WITH THE LINE GRAPH THERE. 
          >> I KNOW THAT'S NOT WHAT WE'RE PROTECTING. 
          AND HERE WE DON'T NE WHAT'S GOING TO HAPPEN IN EIGHT YEARS. 
          WE DON'T KNOW WHAT'S GOING TO HAPPEN IN THREE YEARS. 
          BUT IF FOR SOME REASON LEGISLATION WISE. 
          OR OTHER WAYS IT HAPPENS, AND WE'RE DOING BETTER, THE BOARD AND THE FINANCE TEAM AND ADMINISTRATION COULD COME UP WITH SOMETHING THAT MIGHT REDUCE THE RATE. 
          OR MAINTAIN IT TWO OR THREE YEARS IN A ROW. 
          WE'LL LOOK AT THAT IN THE FUTURE. 
          BUT THIS GIVES US AN OPPORTUNITY TO SEE THAT WE'RE GOING TO BE PROTECTED OVER THE NEXT EIGHT YEARS. 
          >> YEAH. IT'S WHAT WE TALK ABOUT DURING THE BUDGET TIME RIGHT. WE CAN NEVER GO HIGHER. 
          WE CAN ALWAYS GO LOWER. >> THANK YOU SAY THAT ONE MORE 
          TIME. >> YES SO EVEN IN THE BUDGET PROCESS WE ADVERTISE HIGHER RATES AND LEVIES BECAUSE IF THERE'S EVER CHANGES OR UNEXPECTED CONSEQUENCES OF LEGISLATIVE ACTIONS, WE ALWAYS HAVE THE ABILITY TO GO LOWER THAN OUR MAX. WE CAN NEVER GO HIGHER. 
          THE ONE THING I WANTED TO POINT OUT ON THIS SLIDE THOUGH IS ONE OF THE MANY THINGS THE POLICY ANALYTICS DOES A NICE JOB IN. 
          DON'T FORGET, WE HAVE A VERY AFFLUENT AND GROWING COMMUNITY. 
          THE DASH GREEN LINE INDICATES. IT'S ALL THOSE DEDUCTIONS COMING IN. GROSS AV WE'RE REALLY ONLY CONCERNED ABOUT NET AV WHICH IS THE DROP THEY ARE SHOWING. 
          WE WANT TO BE VERY CLEAR THAT THIS PRESENTATION DOESN'T SUGGEST WE'RE DECLINING IN ASSESSED VALUE IN OUR DISTRICT. 
          [00:40:03]
          >> AND THAT'S ANOTHER THING I WANTED TO CLARIFY IT. 
          YOU LOOK AT THIS EVERY DAY. WE LOOK AT IT EVERY ONCE IN A WHILE. AND THE AVERAGE JOE LOOKS AT MY HOUSE IS 40 0,000 MY HOUSE IS 750,000 AND THEY ARE LOOKING AT WHAT'S CALLED THEIR MARKET VALUE. 
          THEIR VALUE VALUE OF HOW MUCH THEY THINK THEIR HOUSE IS WORTH. BUT AS A REALTOR I'M SAYING AND SPEAKING THAT BECAUSE I WORKED IN THIS FOR 30 YEARS. 
          IT HAPPENS EVERY TIME WHEN I GO OUT TO ASSESS THE PROPERTY VALUE FOR A PERSON AND WE PULL THEIR TAX RECORDS, IT'S SIGNIFICANTLY LOWER. THE ASSESSED VALUE IS NOT THE SAME. AND I'M REPEATING IT SO YOU CAN SAY IT TOO, IS NOT THE SAME AS MARKET VALUE. 
          SO YOU'LL GET PEOPLE OUT THERE OR OUR COMMUNITY THAT COMMENTS THAT WHAT DO YOU MEAN WE'RE LOOKING AT $373 MILLION OZ OUR MEDIAN PRICE? THAT IS NOT THE MARKET VALUE OF WHAT FISHERS AND NOBLESVILLE IS DOING RIGHT NOW. 
          THE INDIANA ASSOCIATION OF REALTORS SAYS OUR MARKET VALUE IS 415 TO $420,000 MEDIAN PRICE. 
          BUT WE ALSO PAY TAXES IN THE ARREARS. 
          ISN'T THAT CORRECT? SO CLARIFYING FOR PEOPLE AND COMMUNITY MEMBERS WHO ARE LOOKING AT THESE NUMBERS, AND SAYING 373, WAIT. BUT THESE ARE AUDIT NUMBERS THAT WERE PULLED FROM A YEAR AGO THAT THEY USE FOR NOW. 
          AND THAT'S GOOD-- I'M JUST. I'M ALL FOR MOVING FORWARD WITH THE REF RENDOM AND ALL THIS. BUT I ALSO WANT CLARITY FOR PEOPLE LOOKING AT THEIR TAX BILLS OR THEIR VALUES SAYING WHERE ARE THESE NUMBERS COME FROM. 
          THAT WE GO THROUGH THE AUDITOR'S OFFICE AND WE USE THOSE NUMBERS. AND IT'S DIFFERENT THAN WHAT OUR MARKET VALUE IS. AND SOMEONE'S PROPERTY VALUE. 
          >> YEAH, SO THERE'S A FEW PIECES THERE. 
          ONE IS-- I WANT TO SPEAK TO THE ARREARS PIECE. 
          THAT IS RIGHT. TAXES ARE PAID IN ARREARS HERE IN INDIANA. IT'S REALLY KIND OF A MULTI-YEAR CYCLE. ASSESSED VALUES ARE INFLUENCED BY SALES AND I'LL CALL YEAR ONE. 
          AND THEN JANUARY 1 OF YEAR TWO IS THE ASSESSMENT DATE AND PROPERTY TAXES ARE PAID ON THAT IN YEAR THREE. 
          RIGHT SO SALES IN 2025 IMPACT 2026 ASSESSMENT DATE. 
          TAX IS PAID IN 2027. SO THERE IS THIS MULTSY-YEAR COMPONENT TO IT. AND WHAT IT CAN LEAD TO IS ASSESSED VALUES AT TIMES CAN FEEL LIKE THEY ARE JUST A YEAR OR SO BEHIND. IN CONCEPT, GROSS ASSESSED VALUES ARE MEANT TO BE REFLECTIVE OF MARKET VALUES. 
          I'LL CONCEDE. AND THERE'S TIMES THAT THEY ARE NOT ALWAYS APPLES TO APPLES. IN CONCEPT THEY ARE MEANT TO BE. AND THE COUNTY AUDITOR AGAIN IS SORT OF THE CENTRAL SOURCE FOR AT LEAST THE PROPERTY TAX BILL DA TAP. SO THE DISTRICT LEANS ON THEIR 
          MEDIAN ASSESSED VALUE. >> BUT I GUESS HISTORICALLY THE RESIDENTS WE NATURALLY ASSUME RAISING HOUSE VALUES MEANS SCHOOLS AUTOMATICALLY RECEIVE A SUBSTANTIAL AMOUNT OF FUNDING AND THAT'S NOT NECESSARILY THE CASE. 
          BECAUSE UNDER OUR CURRENT STATE FUNDING WE HAVE IMPACTS. 
          WE HAVE DEDUCTIONS AND SKAPS CNAV CALCULATIONS THAT NO LONGER MAKES THAT THE CASE. PREVIOUSLY WHEN HOME VALUES WENT UP AND IT GOES INTO THE CIRCUIT BREAKER. 
          AUTOMATICALLY. THE COMMUNITY. 
          NOT EVERYBODY. BUT MOST COMMUNITY MEMBERS THINK MY HOUSE VALUE WENT UP. ALL MY TAXES WENT UP. 
          I'M PAYING A GAZILLION MORE TO THE SCHOOLS. 
          THAT'S THE LAYMAN MIND SET. AND I'M HOPING AS WE MOVE FORWARD WITH REFERENDUM IT'S MORE CLARITY. 
          THAT THERE IS A DIFFERENTS AND OUR COMMUNITY IS GROWING. 
          OUR COMMUNITY'S VALUES OF HOMES AND THE AMOUNT OF PLACES WE'RE BUILDING IS GROWING. BUT BECAUSE OF CERTAIN LEGISLATIONS AND CAPS. AND OTHER CALCULATIONS AND DEDUCTIONS IS WHAT'S HINDERING. WE'RE NOT CAPTURING AS MUCH 
          REVENUE. >> IF I COULD INTERRUPT. 
          IF WE GET TO THAT POINT. AND I AGREE, SUZANNE IT IS A GOOD POINT. I THINK THAT IF WE CAN POINT THEM TOWARD THE TRANSPARENCY PORTLE WHERE THEY CAN SEE THAT VISUALLY AND THE MESSAGE IS CONSISTENT. 
          I THINK THAT'S A GREAT AVENUE FOR THAT. 
          AND I THINK TIM WILL GO INTO THAT. 
          >> THAT'S EXACTLY WHAT I WAS GOING TO SAY. 
          WE DO HAVE A HOMEOWNER EXAMPLE ON THE WEBSITE THAT TAKES THEM 
          THROUGH THE DEDUCTION. >> AND CALCULATION TOO. 
          TWO MORE QUESTIONS ON THIS SECTION THEN WE'LL MOVE ON. 
          THAT PAGE THAT HAD REFERENDUM PROJECTION IT SAYS ESTIMATED IMPACT $45.3 MILLION. I THINK MR. ORR WAS TALKING ABOUT THAT BEFORE TOO. SO TECHNICALLY WE ARE SAYING 
          [00:45:04]
THAT IF WE HAD-- IF THERE WAS NO LEDGE-- LIKE THE SENATE BILL DID NOT HAPPEN. OKAY. 
          THIS WOULD BE WHAT WE'D BE ABLE TO CAPTURE WITH THE .1995. 
          CORRECT. AND THAT'S THAT DIFFERENCE. 
          THAT'S WHAT THAT NUMBER MEANS. AND THE OTHER PAGE. 
          GOING INTO 2026 NET LEVY OPERATIONS FUND. 
          AND WE'LL TALK ABOUT THAT-- AND I KNOW THAT THERE ARE MANY-- AGAIN, THE LAYMAN PERSON COMMUNITY PEOPLE, WHERE I HEAR IS WHAT DO WE NEED A REFERENDUM FOR? GET RID OF TRANSPORTATION. GET RID OF FOOD SERVICES. 
          AND I THINK WE CAN'T. CAN YOU SAY THAT EXACTLY THAT WE CAN'T? BY LAW, WE HAVE TO PROVIDE TRANSPORTATION FOOD SERVICES. CORRECT? IT CAN'T BE LIKE EVERYONE BRINGS THEIR LUNCHES TO SCHOOL. 
          I KNOW THAT'S NOT WHAT OUR DISTRICT WANTS BUT JUST SAYING THOSE ARE TWO AREAS THAT ARE WE REQUIRED BY LAW THAT WE HAVE TO 
          PROVIDE THOSE TWO THING SMS. >> YEAH, I MEAN I'M NOT GOING TO PLAY A LAWYER TODAY. AND GET INTO ALL THE STATUTES. 
          JUST BECAUSE FRANKLY I CAN'T SPEAK TO ALL THOSE IN DETAIL. 
          BUT TO SAY THAT WE WOULD NOT BE ABLE TO OFFER TRANSPORTATION OR FOOD SERVICE AND I KNOW THIS IS EXACTLY WHAT YOU'RE SAYING TO OUR COMMUNITY, WOULD BE IMPOSSIBLE. 
          I THOUGHT MR. PARKINSON DID A REALLY NICE JOB WHEN HE MENTIONED OPERATIONS FUND THAT A LOT OF THESE IF NOT MOST ARE CRITICAL ITEMS THAT ARE NECESSITY. 
          JUST LIKE WE WOULD HAVE NECESSITIES TO RUN OUR OWN 
          HOUSEHOLD. >> CORRECT. 
          JUST WANTED TO REITERATE THAT THAT IS JUST NOT SOMETHING THAT IS FEASIBLE FOR OUR DISTRICT. AND THEN LAST, CAN YOU EXPLAIN CIRCUIT BREAKER? I UNDERSTAND, BUT NOT YOUR AVERAGE JOE UNDERSTANDS THE CAPS OF 1% 2% 3% AND WHAT A 
          CIRCUIT BREAKER ACTUALLY IS. >> SURE. 
          SO I'M GOING TO SET ASIDE REFERENDUM FOR JUST A MOMENT. 
          BY STATE LAW AND BY STATE CONST CONSTITUTION. WE HAVE A CAP ON THE AMOUNT THAT WE AS TAX PAYERS PAY IN PROPERTY TAXES. 
          AND IT'S A PERCENTAGE OF THE GROSS VALUE OF OUR PROPERTY. 
          SO IF A TAX PAYER HAS A $300,000 HOME. 
          AND THEY ARE A HOMEOWNER, THEY ARE CAPPED AT 1%. 
          AND WHAT THAT MEANS IS THE MOST THAT TAX PAYER WILL PAY IS $300,000 TIMES 1%. OR $3,000. 
          AGAIN NOT ON A REFERENDUM CONVERSATION. 
          IF THEIR TAX BILL WOULD HAVE BEEN ABOVE THAT, LET'S SAY IT CAME OUT TO $3500. WHEN YOU MULTIPLY THEIR TAX RATE BY THEIR NET ASSESSED VALUE, THAT $500 IS A SAVINGS TO THE TAX PAYER. THEY ARE STILL PROTECTED AND THEY PAY NO MORE THAN $3,000. THE $500 IS WITHIN THE LEVY THAT YOU ADOPTED AND THE COUNTY ADOPTED AND THE CITY ADOPTED IN THE FALL. AND IT SERVES AS A REDUCTION TO YOUR OPERATIONS FUND COMPARED TO WHAT YOU OTHERWISE WOULD 
          HAVE COLLECTED. >> THANK YOU. 
          APPRECIATE THAT CLARITY. >> THANK YOU. 
          TIM, PLEASE? >> WELL THANK YOU VERY MUCH AND GOOD EVENING EVERYONE. WHAT WE'RE GOING TO TRY TO DO IN THIS SECOND PORTION OF THE PRESENTATION IS TO CAPTURE A LITTLE BIT AS TO THE WHY, NOW. AND HOW THIS SPECIFICALLY RELATES TO HSC SCHOOLS. AND I WOULD OPEN BY SAYING THAT THIS IS NOT A POSITION ANYONE HERE ANTICIPATED BEING IN. 
          IT'S ALSO ONE WE DON'T TAKE LIGHTLY. 
          HOWEVER, OUR COMMUNITY I THINK RIGHTFULLY HOLDS HIGH EXPECTATIONS FOR ITS SCHOOLS. AND TO CONTINUE TO MEET THOSE EXPECTATIONS AND SU FORT NEEDS OF OUR STUDENTS AND DISTRICT, WE MUST ADAPT THOUGHTFULLY TO THE NEW CHALLENGES AND REALITIES BEFORE US. AGAIN, NO ONE SAW THIS COMING. 
          SO-- A REALLY CRITICAL PART OF THE SUCCESS OF THIS AMAZING COMMUNITY THAT WE ALL CALL HOME IS THE SUCCESS OF OUR SCHOOLS. 
          AND AS A REMINDER THROUGH RECENT LEGISLATIVE ACTION, EVEN NUMBER OF YEARS TO BE ABLE TO RUN A REFERENDUM. 
          AND SO THAT WAS A BIG REASON BEHIND WHY WE DECIDED AND OUR RECOMMENDATION TO THE BOARD WILL BE A RUN IN 2026 SO IT CAN HAVE IMMEDIATE IMPACT IN 2027. USING MR. PARKINSON'S SLIDE FROM EARLIER, IF WE WOULD WAIT TWO MORE YEARS JUST TO 2028, THAT'S ABOUT A $10 MILLION IMPACT TO THE REFERENDUM FUND. 
          SO WE FEEL LIKE NOW'S THE TIME. AND I'LL TALK A LITTLE BIT MORE ABOUT WHY THAT IS HERE. SO WHY GO EARLY, RIGHT? AGAIN, WE DIDN'T SEE THIS COMING. 
          SO I WANT TO START BY POINTING OUT A DETAIL THAT'S ON OUR WEBSITE CURRENTLY ON THE FINANCIAL SIDE. 
          AND THAT IS OUT OF ALL SCHOOL DISTRICTS INCLUDING CHARTER SCHOOLS IN THE STATE OF INDIANA. 
          AND THIS IS STRAIGHT FROM THE D.O.E., OUR FUNDING AMOUNT PER STUDENT IN THE EDUCATION FUND RANKS 370TH OUT OF 376. 
          SO FOR A NON-VIRTUAL STUDENT, THAT EQUATES TO A LITTLE OVER $7,000. YOU SEE IT THERE IN THE MIDDLE. 
          THE AVERAGE JUST FOR PUBLIC SCHOOLS. 
          NOT EVEN INCLUDING CHARTER IN THAT. 
          [00:50:04]
SO DROPPING DOWN TO 290 THANK YOU. 
          SCHOOL DISTRICTS THE AVERAGE AMOUNT IS $7,490. 
          IF WE WERE JUST AVERAGE IN THIS SPACE. 
          NOT ABOVE AVERAGE, THIS WOULD EQUATE BASED ON OUR FALL ADM TO $7.4 MILLION MORE IN THE EDUCATION FUND. 
          I MEAN THAT IS A MASSIVE STATISTIC. 
          AND REMEMBER, THIS IS BASED ON TWO CRITERIA. 
          EVERY SCHOOL DISTRICT HAS A BASE AMOUNT AND THEN THERE'S A POVERTY CALCULATION INVOLVED. BUT IT DOES NOT MEAN THAT THE STUDENTS OF HSC DON'T HAVE SPECIFIC NEEDS AND SUPPORTS THAT ARE NEEDED TO EDUCATE THEM. 
          AND THE EXPECTATION OF THE COMMUNITY IS TO DO SO. 
          SO I THINK THAT'S A REALLY IMPORTANT DETAIL THAT KIND OF HELPS TO SET-- WHY US AND WHY NOW? MR. PARKINSON ALSO POINTED OUT THAT IN HIS PRESENTATION, THAT WE'RE IN THE 38TH PERCENTILE IN NET LEVY PER STUDENT IN THE OPERATIONS FUND. AND SO THAT PROJECTED AMOUNT IN 2026 IS A LITTLE OVER $1800. IF I LOOK AT THE AVERAGE AMOUNT, WHAT YOU SEE ON YOUR SCREEN AGAIN, AVERAGE. 
          $1952 PER STUDENT. IF WE JUST WERE THAT SPACE AND MULTIPLIED IT BY OUR FALL ADM COUNT OVER A LITTLE OVER $20,000 THAT'S 1.6 MILLION MORE IN THE OPERATIONS FUND. 
          SO SOME COULD SUGGEST THAT THE FUNDING WE RECEIVE IS ON THE LOW END FROM A STATE COMPARISON PERSPECTIVE. 
          YET, WE'RE STILL WORKING HARD TO EDUCATE OUR STUDENTS THE SAME WAY EVERY OTHER SCHOOL DISTRICT DOES IN THE STATE. 
          AND OUR COMMUNITY EXPECTATIONS AS WE'VE SAID ARE APPROPRIATELY HIGH IN THE WAY THAT WE DO THAT. 
          I WANT TO GO BACK ONE MORE BECAUSE I FORGOT THIS DETAIL. 
          I'M MENTIONED $7.4 MILLION. IF I INCLUDE THE 376 SCHOOL DISTRICTS INCLUDING CHARTERS, THAT NUMBER GOES OVER $12 MILLION BECAUSE THAT AVERAGE GOES UP EVEN HIGHER. 
          SO BEING 370 OUT OF 376 DOES HAVE AN IMPACT ON THE MONEY THAT COMES INTO THE EDUCATION FUND. 
          SO PRE-REFERENDUM, NO REFERENDUM, THIS IS OUR STORY AND WHAT MAKES US UNIQUE AT HSC. 
          THEN-- TAKING A LOOK AT WHAT MATT SHARED TODAY, HISTORICALLY-- AND I KNOW THIS IS SMALL, BUT HISTORICALLY AV HAS STEADILY GROWN. WE MENTIONED ALREADY THAT THE AVERAGE GROWTH IN THE REFERENDUM AV HAS BEEN 7.1% OVER THE LAST TEN YEARS. BUT YOU SEE THOSE BARS AT THE BOTTOM FROM 2027 TO 2031, THAT AV IS GOING TO DROP. 
          AND THAT'S EVERYTHING THAT HE MENTIONED IN THE PRESENTATION. 
          THIS WAS THAT UNINTENDED OR UNEXPECTED I SHOULD SAY-- SCENARIO THAT WE HAVE TO ADAPT TO IN ORDER TO SUPPORT THE NEEDS OF OUR STUDENT AND STAFF. SO JUST REITERATING AND I THINK WE'VE REALLY DESCRIBED THIS REALLY WELL, BUT THIS IS PROBABLY ONE OF THE MOST IMPACTFUL PIECES OF EVERYTHING THAT WE TALKED ABOUT. THAT IF THINGS HAD JUST STAYED THE WAY THEY WERE, OVER THE NEXT SIX YEARS FROM-- FIVE '27 TO-- I APOLOGIZE SIX BECAUSE I'M COUNTING '26. 
          FROM '26 TO '31, IT'S $4 MILLION. 
          WHEN YOU THINK ABOUT THIS BUDGET IN THE $29 MILLION RANGE, THAT'S OVER A YEAR'S BUDGET IN THE OPERATING REFERENDUM. THIS IS REALLY THE KEY PIECE. 
          AND THEN AS HE MENTIONED JUST REITERATING THAT HOMESTEAD CREDIT. ALTHOUGH CIRCUIT BREAKERS ULTIMATELY PROJECTED TO FALL OFF. 
          IN '26 AND '27, THOSE NUMBERS ARE NEARLY $2 MILLION HIGHER IN THE IMPACT TO THE OPERATIONS FUND. 
          AND WE ALL KNOW THESE HAVE THEIR OWN SEPARATE BUCKETS. 
          BUT THERE ARE PIPELINES BETWEEN THE BUCKETS WHETHER IT'S A TRANSFER FROM ED TO OPS. WHETHER IT'S MOVING OPERATIONAL EXPENSES TO DEBT SERVICE. YES THEY ARE SEPARATE BUCKETS BUT THEY ALL WORK TOGETHER. SO LOW END ON THE FUNDING FROM A STATE AVERAGE PERSPECTIVE AND EDUCATION. 
          LOW END ON THE FUNDING AND OPERATIONS PER STUDENT. 
          AND THEN WE'RE HIT WITH A $2 MILLION PLUS IMPACT OVER THE NEXT TWO YEARS TO THESE FUNDS. AND EVEN AFTER THAT GOES AWAY, WE'RE STILL THAT TOTAL AMOUNT IS STILL ABOVE WHERE WE ARE IN 2025. AND THIS IS JUST DOLLARS AGAIN RIGHT OFF THE TOP. A BENEFIT TO THE TAX PAYER, BUT FRANKLY A DETRIMENT TO THE SCHOOL DISTRICT. 
          SO WHAT'S DIFFERENT ABOUT OUR RENEWAL AND THAT POTENTIAL IMPACT ON TAX PAYERS? SO WHAT YOU SEE BEFORE YOU IS A POTENTIAL REFERENDUM SPENDING PLAN. 
          AND CURRENTLY AS WE'VE TALKED REALLY IN ALL OF OUR BUDGET PRESENTATIONS. YOU SEE AT THE TOP RIGHT NOW ABOUT 275 TEACHING STAFF. CLASS ROOM TEACHERS. 
          COUNCILLORS IN THE BUILDING. CERTIFIED STAFF MEMBERS ARE 
          [00:55:04]
BEING PAID REFERENDUM FUN NP EQUATES ABOUT FIVE SCHOOLS. 
          ESSENTIALLY CERTIFIED STAFF THAT ARE CONNECTED TO THE BARGAININGER TO TEACHERS IF YOU WILL. 
          ARE PAID OUT OF THE REFERENDUM. SO IF YOU THINK ABOUT HEAVEN FORBID IF THE REFERENDUM WOULD COMPLETELY GO AWAY. 
          THAT WE HOPE AT LEAST THAT IT DOESN'T COMPLETELY GO AWAY. 
          THE OTHER PIECE AND I'LL SKIP TO SORT OF LINE THREE HERE IS SAFETY AND SECURITY. SO CLEARLY AN AMAZING PARTNERSHIP WITH THE CITY OFFICIALS TO SUPPORT OUR SROS. 
          WE WERE HONOURED THIS MORNING TO CELEBRATE THEM. 
          AND ALL OF THE WORK THAT THEY DID TODAY. 
          AND IT'S AN AMAZING GROUP. BUT IT'S ALSO AN AMAZING PARTNERSHIP. AND SO IN THAT PARTNERSHIP, WE DO PAY A PORTION OF THEIR SALARY AND BENEFITS. 
          AND IN DOING SO, THAT HAS HISTORICALLY LIVED IN THE REFERENDUM. THERE'S ADDITIONAL SECURITY THAT'S BUILT IN HERE FOR AFTER SCHOOL EVENTS, EVENING ACTIVITIES. SCHOOL SAFETY HAS BEEN IN THE REFERENDUM. WHAT WE ARE PROPOSING IS NEW TO ADD TO THE REFERENDUM IS THE BEHAVIOURAL HEALTH SERVICES CONTRACT. AND YOU REMEMBER JUST A FEW MONTHS AGO. WE SHARED UNFORTUNATELY THAT WE LOST OUR PARTNER IN COMMUNITY HEALTH. 
          AND EFFECTIVE AT THE END OF THIS WEEK, THEY ARE NO LONGER OUR PROVIDER IN THIS SPACE. AND ASCENSION SHELT OUR NEW PROVIDER. AND AS A PART OF THAT AGREEMENT. SUPPORTS MASTERS LEVEL THERAPISTS IN MY SCHOOL BUILDINGS. 
          THERE'S AN INCREASE IN COST. SO WE'RE PROPOSING TO INCLUDE THAT COST OF APPROXIMATELY $700,000 INTO THE REFERENDUM. 
          WE ARE ALREADY PAYING A PORTION OF THAT NOW. 
          THE REFERENDUM WAS AN IMPORTANT STRATEGY. 
          AND IMPORTANT SUPPORT FOR OUR FAMILIES AND STUDENTS. 
          THE OTHER PIECE IS BELIEVE IT OR NOT, WITH 22 SCHOOL BUILDINGS, THERE'S A FAIR AMOUNT OF TRAFFIC CONTROL THAT THE DISTRICT HAS IN PLACE ON A DAILY BASIS. 
          DRIVE DOWN OLEO ROAD AND YOU'LL KNOW EXACTLY WHAT I'M TALKING ABOUT AT ARRIVAL AND DISMISSAL. SO THAT SECURITY COST THAT IS PAID TO OFFICERS IN TERMS OF TRAFFIC CONTROL WERE ALSO INCLUDING INTO THE REFERENDUM. SO ESSENTIALLY THE REFERENDUM SPENDING PLAN IS REMAINING RELATIVELY THE SAME. 
          WITH THE IDEA OF THE BEHAVIOURAL HEALTH BEING EMBEDDED INTO THIS AS WELL AS THE TRAFFIC PIECE. 
          WHAT YOU SEE HERE IS AN ESTIMATED TOTAL SPENDING PLAN OF A LITTLE OVER $31 MILLION. THIS SPENDING PLAN WOULD POTENTIALLY SPEND DOWN MORE CASH BALANCE. 
          WE CAN TALK MORE ABOUT THAT AS WELL. 
          WHAT I WOULD NOTE IS WE'VE TALKED A LOT ABOUT LEVIES. 
          IN THE REFERENDUM. THERE IS A PORTION OF EXCISE TAX THAT DOES COME INTO THE REFERENDUM FUND. 
          YOU SEE AT THE BOTTOM OF THIS ANALYSIS I'VE ESTIMATED THAT $1.25 MILLION AND REMEMBER EXCISE TAX IS WHAT WE PAY AT THE DMV WHEN WE PURCHASE A NEW VEHICLE. 
          THE DISTRICT DOES RECEIVE SOME OF THOSE EXCISE TAX DOLLARS AND THOSE DO GO-- SOME DO GO TO THE REFERENDUM FUND. 
          THAT HAS HISTORICALLY ALWAYS BEEN THE CASE. 
          AND SO WHEN WE TALK ABOUT LEVY WHEN YOU ADD EXCISE TAX TO THAT, THAT EQUATES TO THE OVERALL SPENDING PLAN. 
          THIS EXACT PLAN THOUGH DOES SPEND DUNE LITTLE CASH BALLANCE IN 2027. ONE OF THE THINGS THAT I WOULD POINT OUT AS A PART OF THE REFERENDUM IS NOT ONLY WILL THE BOARD HAVE THE AUTHORITY TO DETERMINE THE RATE ON AN ANNUAL BASIS AS A PART OF THE BUDGETARY PROCESS, BUT MUCH LIKE WE'RE REQUIRED TO HAVE A BUS REPLACEMENT PLAN AND A CAPITAL PROJECTS PLAN, WE WILL ALSO BE REQUIRED TO HAVE A REFERENDUM SPENDING PLAN EVERY YEAR THAT GETS UPLOADED AND IS A PART OF THE BUDGETING PROCESS AND AVAILABLE FOR THE PUBLIC AS WELL. THAT WAS NOT THE CASE IN OUR PREVIOUS REFERENDUM. THAT ABSOLUTELY REQUIRED A SPENDING PLAN. BUT IT WAS NOT AN ANNUAL REQUIREMENT TO PRODUCE THAT IN FRONT OF THE BOARD. 
          AND MORE IMPORTANTLY THE PUBLIC. 
          THE REFERENDUM. ONE OF THE OTHER QUESTIONS WHY I'M ON THIS SLIDE THAT I'VE GOT AN FEW TIMES IS THE IDEA THAT CHARTER SCHOOL REVENUE SHARING. THAT IS IN PLACE IN A FEW COUNTIES AND MATT MAYBE WILL BE ABLE TO HELP ME. 
          HAMILTON COUNTY IS NOT ONE OF THOSE. 
          BUT AT THE END OF 2027 ALL COUNTIES WILL BE A PART OF THAT. SO ANYTHING NOT PASSED PRIOR TO THE END OF 2027. THE REFERENDUM IN 2026 WITH IMPACT IN 2027. THE NOTE AS WELL. 
          I'M GOING TO REVISIT THIS SLIDE FOR A COUPLE REASONS. 
          MR. ORR DUH AN EXCELLENT JOB OF POINTING OUT THAT WHAT WE'RE TRYING TO DO HERE AS A DISTRICT IS RECOGNIZE AND LEVEL SET 
          [01:00:03]
AGAIN THE ORANGE LINES. AND IS TARGETED PATH. 
          AND THE DOTTED LINE IS WHAT WOULD HAVE HAPPENED IF THERE WAS NO LEGISLATION. WE'RE TRYING TO LIVE SOMEWHERE IN THE MIDDLE. THIS IS AN IMPACT IN TAX PAYERS. BUT AT THE SAME TIME. 
          IT'S A SIGNIFICANT IMPACT ON THE ON THE SCHOOL DISTRICT. 
          SO LET'S TRY TO FOR THE AVERAGE HOMEOWNER. 
          SKWA BE RESPECTFUL. LET'S STAY AT THE LINE. 
          WHAT I WANT TO BE REALLY CLEAR ON. 
          THIS IS THE VEHICLE TO GET US TO THAT MAX RATE. 
          THIS IS NOT THE LOCKED IN STEP BY STEP PLAN. 
          ADDING BEHAVIOURAL HEALTH AND SECURITY. 
          WE'RE GOING TO TALK ABOUT A HIGHER RATE. 
          NOT ABOVE THE DOTTED LINE BUT HIGHER THAN WHAT YOU SEE AT 445 IN THE FIRST YEAR. AND THE IDEA IS JUST THAT. 
          THE T COST TO THE REFERENDUM TO ALLEVIATE SOME PAIN IN OUR OTHER FUNDS. AND WE'RE RECOGNIZING THAT THERE WAS A LOT IN 26. BUT WE'RE ALSO BEING A GOOD STEWARD HERE AND STAYING ESSENTIALLY BELOW. 
          WHAT WOULD HAPPEN FOR SEA ONE. AND I'LL PUT SOME NUMBERS TO THAT. SIGNIFICANTLY LOWER THAN WHAT IT WOULD HAVE BEEN. SEW R SO AGAIN WE'RE MAKING RECOMMENDATIONS TO INCREASE THE ETHOSE DOLLARS WITHOUT GOING OVER TO TO SPEAK TO THE MAX FOR THOSE HOMEOWNERS AND AGAIN TO SUPPORT THE NEEDS OF THE DISTRICT. 
          SO GOTTA' LOVE TIMELINES. I THINK IT'S IMPORTANT TO NOTE THAT THIS WORK BEGAN A YEAR OR MORE AGO. 
          AND I DON'T MEAN THE REFERENDUM. 
          I MEAN WITH ALL THE CRITICAL CUTS AND BUDGET REDUCTION AND CONTROL SPEN R SPENDING PROCESSES WE HAVE GONE THROUGH AND THAT WAS THE WORK OF THE BUDGET TASK FORCE. 
          SHAME ON US TO MAKE CRITICAL CUTS. 
          THAT WORK HAD BEEN GOING ON FOR MONTHS AND YEARS PLIER TO CRESCENDOING TO THE RESPONSIBILITIES OF THE BUDGET TAX FORCE AND ITEMS WE BROUGHT BEFORE YOU THAT EQUATE DED TO OVER $7 MILLION AND CONTROL SPENDING TOWARD THE RRND. 
          SO I WANT TO BE CLEAR THIS IS NOT MEANT TO BE A HANDOUT. 
          THIS IS MEANT TO BE WORKIC HARD TO CUT ANYTHING WE CAN AND ASK. 
          AND RECOMMEND THAT. SO THE BUDGET TASK FORCE PRESENTED EARLIER IN MAY. TONIGHT IS THE WORK SESSION. 
          BUT HOPEFULLY BOARD ACTION ON A REFERENDUM RESOLUTION JUNE 10TH. IF IT IS THE VOICE OF THE BOARD TO MOVE FORWARD. ALL SYSTEMS GO. 
          STRATEGIES MEANING CONSTITUENTS TALKING TO THE PUBLIC. 
          EXPLAINING WHAT WE'RE DOING TODAY. 
          AND BEING ABLE TO PROVIDE THE IMPACT TO INDIVIDUAL TAX PAYERS. WE'RE SPENDING A LOT OF TIME TALKING ABOUT MEDIAN ASSESSED VALUE. 
          BE THERE ARE HOME OPENS WERE PROPERTY VALUE HIGHER AND LOWER. THEY NEED TO KNOW THEIR IMPACT. 
          SO WE'LL HAVE A CALCULATOR. THREE MEETINGS IN A ROW TALKING ABOUT RATES AND LEVIES AND COMPARING BUDGETS AND ULTIMATELY THIS HAS BEEN SHARED OCTOBER 28TH THE BOARD WILL APPROVE THE BUDGET AND PART OF THAT APPROVAL PRIOR GOING TO THE BALLOT. AND I THINK THAT'S IMPORTANT TO THE COMMUNITY. THE BOARD HAS A REALLY IMPORTANT-- OPPORTUNITY TO SAY LISTEN WE KNOW WE'RE ASKING FOR A 36% RATE POTENTIALLY AND A $47.5 MILLION LEVY POTENTIALLY. 
          BUT AS WE PROMISED, LOOK WHERE WE'RE ENCOURAGING THE RATE TO BE. AND LOOK WHAT WE'RE ULTIMATELY APPROVING THE RATE AT. I WANT TO BE CLEAR THE 28TH 
          [01:05:03]
WOULD BE THE CULMINATION. REMEMBER THAT COMES IN MULTIPLE MEETINGS BEFORE THE 28TH. ULTIMATELY THEN WE GO TOE ELECTION DAY. IF THE REFERENDUM IS SUBMITTED IN 2027 AT THE RATE THAT WAS APPROVED DURING THE BUDGET PROCESS. IF IT'S UNSUCCESSFUL IN 1995. 
          AND REMAINS IN PLACE TO 2031. WE'VE SEEN FROM THE PREVIOUS GRAPH AND THE POTENTIAL IMPACT THAT COULD HAVE. 
          ONE OTHER THING I WOULD POINT OUT. 
          UBS ALTHOUGH THIS IS THE GUIDE WE WOULD NEED IT IN 2027. 
          2275 IS FOR A COUPLE REASONS. ONE THAT ADDS IN A HEALTH COMPONENT. AND IT HELPS US TO RECOUP SOME IF NOT ALL. THAT IS A RATE THIS COMMUNITY HAS SUPPORTED IN THE PAST. I WENT TO SEE WHAT THAT WOULD BE. FOR THE MEDIAN HOMEOWNER THAT WOULD BE $458. DIFFERENT WAY THAT WOULD EQUATE TO PAYING MORE THAN $3 A MONTH FROM 2027. 
          FROM 421 TO 458. $37. 
          ESSENTIALLY $3 MORE A MONTH IN THE RFRD TAX RATE IN 2027. 
          SO AGAIN DRIVING THOME POINT THAT THIS IS A VEHICLE 
          >> SUZANNE THOMAS? >> OKAY FIRST OF ALL I'M JUST GOING TO READ IT BECAUSE I WROTE IT BEFORE BECAUSE I READ ALL THIS INFORMATION IN THE LAST FIVE DAYS. 
          SO I PRE-WROTE THIS. MY GOAL THROUGHOUT THIS WHOLE ENTIRE PROCESS IS MOSTLY TRANSPARENCY. 
          PUBLIC UNDERSTANDING AND LONG-TERM FISCAL RESPONSIBILITY. I APPRECIATE TREMENDOUS LEE THE ADMINISTRATION TAKING THE TIME TO ANSWER SCOMBES CLARIFY HOW VERY COMPLICATED FUNDING STRUCTURES FOR OUR COMMUNITY. 
          FROM MY PERSPECTIVE, THIS REFERENDUM DISCUSSION APPEARS FOCUSED ON SUSTAINING DISTRICT EXCELLENCE. 
          SAFETY, STAFFING AND STUDENT SUPPORTS WHILE PROACTIVELY PLANNING FOR REALITIES. AND I ALSO WANT TO POINT OUT. 
          YOU SAID THIS ONCE OR TWICE. I WANT TO SAY IT TEN TIMES. 
          THE SWORD SUSTAINED. WE'RE NOT LOOKING TO MAKE BIG NUMBERS BUT JUST TO KEEP OUR HEAD ABOVE WATER AND SUSTAIN. 
          WHAT I NOTICE HEARD YOU'RE SAYING $45.3 MILLION WE TALKED ABOUT IN THE PREVIOUS SLIDE WAS FOR THAT .995 DIFFERENCE. 
          BUT YET THAT'S NOT WHAT WE'RE ASKING. 
          WE'RE ASKING FOR 31.295. WHICH IS A DIFFERENCE OF $14 MILLION RIGHT. SO IT WOULD BE BENEFICIAL TO UNDERSTAND. WHAT THE DISTRICT IS DOING IN PARALLEL TO SUPPORT THE RFRD TO OFFSET THE DIFFERENCE. 
          DO YOU SEE WHAT I MEAN? I WANT THE PUBLIC TO SEE $45.3 MILLION MORE. WE'RE DOING WHAT WE CAN TO SUSTAIN AND KEEP THE COMMUNITY CASE SUPPORT OUR SAFETY. 
          ALL THE THINGS YOU JUST SAID BUT HOW ARE WE DOING SOME OF THESE THINGS TO MAINTAIN WHEN WE'RE MISSING THAT $14 MILLION. 
          DO YOU SEE WHAT I MEAN? WHAT ARE SOME OF THOSE THINGS THAT WE'RE GOING TO DO? OR CAN YOU SHARE ANY? 
          >> YEAH, SO COUPLE THINGS. GREAT POINTS AND THANK YOU FOR SHARING. WHEN WE LOOK AT-- AND I THINK THIS IS ACTUALLY A SLIDE IN MR. PARKINSON'S PRESENTATION. 
          I WANT TO SAY THIS AGAIN THAT WE PASSIONATELY BELIEVE THAT THE YELLOW LINE NEEDS TO STAY BELOW THE DOTTED LINE. 
          THAT THE YELLOW LINE IS NOT A GUARANTEE ROAD MAP FOR US. 
          [01:10:05]
COMMENTING ON MR. MOORE'S POINT EARLIER. 
          WHAT DOES IT NEED TO BE ON AN ANNUAL BASIS? SO I WANT TO BE REAL CAREFUL OF GOING OUT TO 2030 AND SAYING THAT THE MEDIAN HOMEOWNER WILL PAY $49 5I. 
          BECAUSE THAT MAY NOT BE THE RATE THAT WE CHOOSE THAT YEAR. 
          NOW, WE STILL WANT TO STAY BELOW THE DOTTED LINE AND WHAT THEY WOULD HAVE PAID BEFORE. SO IT'S NOT THE SKY IS THE LIMIT HERE. BUT LOOKING AT A COMPARISON, YOU KNOW IN THAT REGARD, I JUST WANT TO BE A LITTLE CAREFUL OF THAT. TO YOUR OTHER QUESTION ABOUT BUDGET REDUCTIONS, THAT WAS A LOT OF THE WORK THAT WE DID AT OUR LAST PRESENTATION. AND WE TALKED ABOUT EFFICIENCIES AND A LOT OF AREAS. 
          WE TALKED ABOUT PERSONNEL ACROSS THE BOARD. 
          FROM CENTRAL OFFICE TO CLASSROOMS AND EVERYTHING IN BETWEEN. AND I JOKED A LITTLE BIT ABOUT COPIER STRATEGIES FOR $20,000 THAT KIND OF SHOWED YOU THE LEVEL OF COMMITMENT WE WERE TRYING TO MAKE TO LOOK UNDER 
          EVERY ROCK SO TO SPEAK. >> AND THAT'S WHAT I'M TRYING TO GIVE US THAT OPPORTUNITY FOR YOU TO NOT NECESSARILY SHINE, BUT REITERATE. WE ARE DOING THINGS IN THIS SCHOOL DISTRICT TO HELP OFFSET SOME OF THESE COSTS AND BE FISCALLY RESPONSIBLE AND MINDFUL TO THE SPENDING THAT WE HAVE IN THE DISTRICT. AND WHAT THE COMMUNITY CAN SEE AS WELL. CORRECT. 
          WE TALKED A LOT ABOUT THAT. THE STRUCTURES. 
          WE TALKED ABOUT. STAFFING. 
          AND ALL THE PARTS. AND A LOT OF THAT AS WE TALKED ABOUT. TALK ABOUT RIGHT SIZE SPACE IN OUR ENROLLMENT. A COUPLE OF THOSE METRICS. 
          AND THAT SORT OF RIGHT SIDES. TO TRUST TO REACH LEGISLATIVE 
          ACTION. >> AND THIS IS A LITTLE BIT REDUNDANT. THIS IS MY LAST SECTION THAT I FOR ME WANT TO FOCUS ON. I APPRECIATE THROUGHOUT THESE DISCUSSIONS IS THE CONSISTENT FOCUS ON SUSTAINABILITY RATHER THAN EXPANSION. SO MY UNDERSTANDING THIS HAS INTENDED TO SUSTAIN THE LEVEL OF EXCELLENT STAFFING SAFETY STUDENT ACADEMIC STUDY AND WHILE WE'RE NAVIGATING THROUGH THESE CHANGES. I AGREE WITH THE ADMINISTRATION'S FOCUS ON MAIN TANG LONG-TERM STABILITY RATHER THAN SIGNIFICANTLY EXPANDING OPERATIONS. 
          CAN YOU PROVIDE SOME EXAMPLES WHICH I THINK YOU JUST DID, THAT WE'RE DOING IN PARALLEL. SKIPPING ONTO MY NEXT PART I APOLOGIZE. THE HIGH LEVEL BREAKDOWN REGARDING CATEGORIES OF STAFFING AND SUPPORT. 
          SO YOU TALK ABOUT THE 275 CERTIFIED STAFF SCHOOLS. 
          THAT IS JUST TO GIVE THE PUBLIC AN AWARENESS. 
          BUT WHEN IT COMES DOWN TO IT, IF WE HAVE TO DO THINGS, THAT'S NOT A DEFINED AMOUNT, RIGHT? I MEAN IS IT IN THE RFRD THAT WE HAVE TO PAY FOR 275 STAFF? AND WHAT THOSE ARE? 
          >> NO. IT IS NOT. 
          BUT WE ARE BUDGETING FOR SALARIES AND BENEFITS. 
          SO 275 ON THERE TO GIVE IT SOME GRAVITY. 
          YOU KNOW WHAT DOES $29 MILLION ESTIMATED COVER? 
          IT COVERS ABOUT 275 STAFF. >> SO WE JUST FOR LAYMAN PURPOSES IF YOU TOOK 275 STAFF POSITIONS OUT AND PUT THEM IN THE EDUCATION BUDGET, YOU HAVE TO FIND $29 MILLION SOMEWHERE TO PAY FOR THOSE POSITIONS. IS WHAT I'M TRYING TO GET TO, 
          RIGHT? >> YEAH AND AS WE KNOW FROM PREVIOUS EXAMPLES, THAT'S NOT POSSIBLE. 
          YOU HAVE IT EXACTLY RIGHT. >> SARAH PARKS-REESE? 
          >> OKAY SO I THINK YOU ANSWERED ONE OF MY QUESTIONS. 
          BUT ON SLIDE 31, JUST TO CLARIFY, THE YELLOW LINE. 
          I DON'T THINK THAT'S THE RIGHT VIED. 
          YEP THAT SLIDE. THE YELLOW LINE IS THE-- NOT THE MAX RATE THAT WE'VE PROJECTED, IT'S THE-- KIND OF WHAT WE'RE PROJECTING BASED ON THE 6% GROWTH. 
          >> THAT'S CORRECT. IT'S PROBABLY BET IRCUT THAT FROM THE PREVIOUS PRESENTATION. SO THAT'S TAKING THE RATE AND THE SAME EXACT YELLOW LINE. AND SO SAID DIFFERENTLY, WE ARE NOT PURPOSEFULLY WANTING TO LOCK OURSELVES IN TO SAY IN 2027. AND AT SOME POINT WE WILL HAVE TO LOCK IN 27. MAYBE I BETTER SAY IT 2030. 
          WE DON'T WANT TO LOCK IN TODAY THAT IN 2030 THE RATE NEEDS TO BE 2886. BECAUSE WE DON'T KNOW WHAT THE AV WILL BE AND TO MS. THOMAS'S POINT IT COULD BE THE RATE NEEDS TO BE LORE. IT COULD BE THAT IT NEEDS TO 
          [01:15:02]
          BE. >> RIGHT, OKAY. 
          AND THEN DURING THE LAST MEETING, I WAS OBVIOUSLY REMOTE SO THAT MADE EIGHT LITTLE MORE COMPLICATED. 
          I HAD ASKED A QUESTION, AND I CAN'T REMEMBER EXACTLY WHERE WE LANDED OR WHAT THE ANSWER WAS. BUT I FEEL LIKE WE'VE TALKED A LOT ABOUT WHERE WE'RE MAKING CUTS. 
          I KNOW WHEN THE BOARD SUBMITTED THEIR CONVERSATION FOR THE BUDGET AND TASK FORCE. I SUBMITTED A LOT OF SUGGESTIONS, RECOMMENDATIONS. THINGS TO CONSIDER FOR WHERE WE COULD INCREASE REVENUE. SO I'M REALLY CURIOUS. 
          IT'S GREAT. THAT DR. HEGGELY MENTIONED HEY THE FOOD SERVICE PROVIDED THIS CATERING IS REALLY GREAT. 
          GO EAT. BUT I THINK WE COULD HAVE TAKEN A STEP FURTHER IF WE'RE DOING THAT, COTO SAY HERE'S HOW YOU COULD BOOK THEM FOR YOUR NEXT EVENT. 
          YOU KNOW IF THAT'S SOMETHING THEY ARE AVAILABLE TO DO. 
          SO JUST OPPORTUNITIES LIKE THAT. 
          >> YEAH SO AS ALL THINGS SCHOOL FINANCE THERE'S COMPLICATIONS TO THAT. YOU'RE RIGHT CATERING IS AN AMAZING SERVICE BUT THAT LIVES IN A CATERING FUND. 
          SO WE'RE NOT ABLE TO OR CHOOSE TO PULL CATERING DOLLARS OVER TO THE EDUCATION FUND PER SE. TO PAY SALARIES AND BENEFITS. 
          SO YES THAT IS-- WE DO SOME REALLY SXOOL NEAT OPPORTUNITIES IN THAT SPACE. OPPORTUNITIES FOR INCREASED REVENUE THERE FRANKLY AREN'T A LOT OF THEM. 
          BUT ONE OF THE THINGS THAT WILL COME BACK TO YOU IN JUNE IS TO TALK LITTLE BIT ABOUT CONSUMABLE MATERIALS. 
          ATHLETIC PARTICIPATION. PERFORMING ARTS PARTICIPATION. 
          AND I FULLY UNDERSTAND WHERE THAT COMES FROM. 
          BUT THE STATE RESOURCES ARE FINITE. 
          THE PROPERTY TAX RESOURCES ARE FINITE. 
          OBVIOUSLY WE'RE LOOKING AT A RFRD TO BE ANOTHER SOURCE. 
          I WOULD LOVE SOMEONE TO WRITE A MILLION-DOLLAR CHEQUE. 
          THAT'S JUST NOT FEASIBLE. I WILL SAY-- AND IT WAS HARD DURING THE VIRTUAL PIECE OF THE LAST MEETING. 
          I MENTIONED THAT THE CONVERSATION TOOK PLACE AT THE BUDGET TASK FORCE. ALL THE BOARD MEMBER IDEAS WERE PART OF THOSE AS WELL. I MENTIONED WE DIDN'T SAY THIS WAS THE IDEA FROM X BOARD MEMBER. 
          BUT WE DID A SUMMARY TALKING THROUGH THE BOARD MEMBER COMMENTS THAT WERE MADE BY ALL SEVEN. 
          AND THOSE WERE INCORPORATED INTO THE WORK THAT WE DID. 
          IT DOESN'T MEAN THAT WORK IS DONE. 
          BUT I DIDN'T WANT YOU TO THINK THAT THAT WAS NOT PART OF OUR CONVERSATION IF THAT MAKES SENSE. 
          AND WE'RE CERTAINLY HAPPY TO REVISIT THOSE AS WELL. 
          >> OKAY THANKS. AND YEAH I KNOW FOOD IS A SEPARATE FUND. BUT ALSO THE-- WE CAN USE MONEY EVERYWHERE, RIGHT? DON'T YOU SAY EVERY BEAN 
          COUNTS? >> I DO SAY EVERY BEAN COUNTS, THANK YOU. MAYBE I NEED A SHIRT. 
          >> LATRICIA SCHOOLING? >> A COUPLE THINGS. 
          ONE OF THE THINGS WE REITERATED. 
          ARE WE COMMUNICATEING WHERE THAT IS IN HAMILTON COUNTY? BECAUSE WE HAVE OTHER DISTRICTS IN OUR COUNTY. 
          DO YOU KNOW WHERE THEY ARE AS FAR AS THE 376? 
          >> YEAH, GOOD QUESTION. SO ON OUR FINANCIAL WEBSITE, THERE IS A LINK TO THE REPORT. THERE IS A LIST. 
          BECAUSE THE TUITION SUPPORT IS ON A BASE AMOUNT AND A POVERTY CALCULATION. WHAT GOES INTO THE COMPLEXITY INDEX IS NUMBER OF SNAP, FOSTER CARE STUDENTS THAT WE HAVE. 
          AND YOU KNOW, OVERALL MOST OF HAMILTON COUNTY IS SIMILAR IN SOME OF THOSE COMPONENTS. AND SO SOME OF THEM ARE RIGHT THERE WITH US AND SOME ARE HIGHER. 
          EVERY SCHOOL DISTRICT INCLUDING CHARTERS IS LISTED ON THE WEBSITE. SO YOU CAN SEE THE DOLLAR 
          AMOUNT PER STUDENT. >> AND SINCE YOU BROUGHT UP THE FINANCIAL WEBSITE, WE APPRECIATE YOU DOING THAT. 
          I KNOW MANY OF US ON THE BOARD HAD ASKED FOR THAT FOR OVER A YEAR. SO IT'S EXCITING TO SEE THAT. 
          SEA ONE HAS KIND OF BEEN A PERFORM STORM FOR MOST OF THE SCHOOL DISTRICTS IN THE STATE. WE NEED TO COMMUNICATE AND I KNOW YOU'RE TRYING TO DO THAT NOW. 
          THAT WE'RE NOT TRYING TO GO BACK TO PRE-SEA LEVELS. 
          WE'RE JUST TRYING TO STAY FUND SOD THAT WE CAN GIVE THEM THE SERVICES THEY WANT. AND WHEN YOU WERE TALKING ABOUT UNE YOU'RE COMING BACK FOR CONSUMABLE MATERIALS. 
          ATHLETICS AND PERFORMING ARTS, WHAT ARE WE DOING AS FAR AS TALKING TO THE PARENTS IN ADVANCE? BECAUSE I KNOW A LOT OF THE PERFORMING ARTS PARENTS HAVE MASSIVE FEES ATTACHED TO THEM. SO I DON'T KNOW IF YOU GUYS ARE AWARE OF THAT. BUT THE FEES ARE THOUSANDS OF 
          DOLLARS. >> YEAH. 
          SO PART OF THE GREAT POINT. ONE IS THAT THE WORK OF THE 
          [01:20:03]
COMMITTEE WE HAD KEY MEMBERS THAT RECOGNIZE THAT. 
          AND SO FROM AN ATHLETIC STANDPOINT, EVERYBODY HAS A PRACTICE PACK IF YOU WILL. AND SO PART OF THAT COMMITTEE WORK SAID HEY WE NEED TO TAKE A FINE LOOK AT WHAT IS INCLUDED IN THOSE. AND I THINK YOU WOULD INCLUDE PERFORMIC ARTS IN THAT AS WELL. WHERE THERE ARE OPPORTUNITIES TO DECREASE THOSE FEES, WE NEED TO BE VERY COGNIZANT OF THAT. 
          THIS GETS IN A LITTLE BIT TO THE NEXT PRESENTATION IN JUNE. 
          BUT WHAT'S GOING TO BE REALLY IMPORTANT IS WE WILL BE VERY CLEAR NO STUDENT AND NO FAMILY WILL BE RESTRICTED FROM PARTICIPATING UNDER ANY CIRCUMSTANCES IF THERE'S A CONCERN WITH PAYING THE FEE. THAT WE WILL HAVE MECHANISMS TO SUPPORT THOSE STUDENTS. SO THAT WILL NOT BE A HINDRANCE AND THAT'S SOMETHING THAT I THINK IS CRITICALLY IMPORTANT. 
          WHEN IT COMES TO THE TIMING, OBVIOUSLY THIS IS SORT OFFY NORMAL CADENCE IN THE PRETEXTBOOK RENTAL DAYS OR DURING. WE DON'T ANTICIPATE ASSIGNING THOSE FEES UNTIL SEPTEMBER AT THE EARLIEST. 
          AND SO IF IT IS THE VOICE OF THE BOARD TO APPROVE THOSE, THAT'S WHEN WE GET INTO OUR-- FOR LACK OF A BETTER WORD, MARKETING CAMPAIGN TO SPREAD THE WORD. 
          TO SAY HEY THIS IS WHAT'S COMING IN SEPTEMBER. 
          SO WE CERTAINLY WOULD NOT SAY-- AND I KNOW YOU'RE NOT SAYING THIS, BUT HEY FEE APPROVED JUNE 10TH. 
          JULY 1ST EVERYBODY HERE IS YOUR FEE. 
          WE WOULD WORK REALLY HARD TO START COMMUNICATING THAT AS 
          EARLY AS POSSIBLE. >> AND THE $3 A MONTH IS A GOOD STATEMENT BECAUSE THERE ARE SO MANY COFFEE SHOPS. 
          IN HAMILTON COUNTY AND THAT'S NOT EVEN A CUP OF COFFEE. 
          BUT TO EVEN BREAK IT DOWN MORE IT'S LESS THAN 10 CENTS A DAY AND I KNOW PEOPLE IN THE HAMILTON HAVE 10 CENTS A DAY TO SEND TO THE DISTRICT TO MAKE SURE WE'RE PUBLICALLY FUNDED 
          FULLY. >> YEAH I REALLY APPRECIATE YOU POINTING THAT OUT. THESE DOLLAR AMOUNTS IF YOU GO BACK TO OLD TEXTBOOK RENTAL DAYS ARE SIGNIFICANTLY UNDER THAT. AND IT'S PRETTY HARD TO THAT ARING OUR KID DON'T GET ANYTHING BUT AN AMAZING EXPERIENCE IN OUR DISTRICT. AND MAYBE THAT'S A SMALL PIECE. 
          DIFFICULT. BUT REALLY GOOD DETAIL THERE. 
          >> BEN? QUICK QUESTION. 
          ONE THING I'VE DONE AND NOT SURE. 
          SEVERAL-- AGAIN-- WE'RE LOOKING AT WITH THIS. 
          IT WOULD REPLACE THE CURRENT RFRD NOT ADD TO IT, CORRECT? 
          >> REALLY GLAD YOU SAID THAT. WITHOUT EVER EVEN GIVING TO THAT. BUT SO THAT SOME OF THESE FIGURES AND WORDS. 402 CURRENTLY LOOKING AT 2027. 
          GOING TO 445 THAT WOULD NOT BE YOU'RE NOW PAYING $47. 
          YOU'RE ELIMINATING THE 402 AND GOING TO THE 445. 
          >> YEAH AND WHAT'S REALLY KEY TO THAT IS THE FACT MR. PARKINSON'S POINT TALKING ABOUT THE BALLOT QUESTION WOULD SAY $700. AND IT LOOKS LIKE IT'S BRAND NEW. IT REALLY WAS TRANSPARENT. 
          IT WOULD SAY THE MEDIAN TAX PAYER IS PAYING $421. 
          IF IT GOT TO THE MAX RATE AND MAX LEVY AT THE END OF THE EIGHT YEAR TERM, THAT TAX PAYER WOULD BE PAYING 700 INSTEAD OF 421. WE FRANKLY AND UNFORTUNATELY DON'T HAVE THE LUXURY TO HAVE THAT BE IN THE BALLOT QUESTION. 
          >> YEAH, WE'VE-- YOU KNOW THIS IS FRESH IN A LOT OF OUR MEMORIES. WE JUST WENT THROUGH THIS TWO YEARS AND THAT BALLOT QUESTION IS-- TOUGH. 
          A DIFFICULT THING TO GET THROUGH. 
          I UNDERSTAND WHY IT'S THERE AND TRYING TO EXPLAIN IT. 
          BUT LEFT A LOT TO BE DESIRED. SOMETHING ELSE THAT JUST CAME UP ON THE EXTRA CURRICULAR FEES AND THIS IS KIND OF OUTSIDE OF THIS. BUT I DO A LITTLE CONCERN WHEN YOU SAID NO ONE WOULD BE PROHIBITED FROM JOINING IS PORT OR PERFORMING ART OR ANYTHING. I JUST WANT TO BE CAREFUL WITH THAT. BECAUSE THAT COMES WITH A LOT OF LOGISTICS. IF WE OPENLY ADVERTISE THAT-- AND I'M A SPORTS PARENT TOO AND MY MOM WAS IN PERFORMING ARTS MY ENTIRE LIFE. I THINK SOME OF YOU MIGHT HAVE HEARD BATON TWIRLING. THOUSANDS OF DOLLARS GETS SPENT ON THAT STUFF AND IF YOU TELL EVERYBODY NO ONE WILL BE BANNED FROM IT IF YOU CAN'T PAY, I WOULD IMMEDIATELY APPLY FOR THAT TOO. SO I THINK WE NEED TO BE CARE TO FEEL MAKE SURE AS WE WORK UP TO ANYTHING LIKE THAT, THERE IS GOING TO HAVE TO BE SOME APPLICATION PROCESS OR SOMETHING OR NO ONE WILL PAY THE FEE. 
          >> YEAH AND I'LL TAKE THE BLAME IF THAT'S THE RIGHT WORD GETTING AHEAD OF NEXT MONTH'S PRESENTATION. 
          I THINK THAT IS IMPORTANT THAT WE RECOGNIZE AND VALUE THAT 
          [01:25:03]
          THAT'S A REALITY. >> ABSOLUTELY AND IT'S ONE OF THOSE THINGS THAT I'LL REFERENCE MY MOM AGAIN WHEN SHE WAS TEACHING AND SHE WORKED EXTREMELY HARD TO MAKE SURE EVERYONE COULD JOIN HER CLASS. THAT WORKS WHEN YOU HAVE A HUNDRED STUDENTS AND YOU CAN INDIVIDUALLY KNOW EVERY SINGLE FAMILY'S SITUATION AND JUST KIND OF DO IT ON A TRUST BASIS. 
          WHEN WE HAVE 21,000 OR 20,000 KIDS AND FAMILIES, IT'S GOING TO TAKE A PROCESS. SO GOOD LUCK WITH THAT I GUESS. 
          OKAY NOW SOME OF MY COMMENTS ON THIS OVERALL. 
          THIS IS VERY DIFFICULT AND LIKE I SAID WE WENT THROUGH THIS TWO YEARS AGO. AND IT WAS EXTREMELY DIFFICULT TO EVEN DECIDE WHERE I STOOD ON IT FRANKLY. 
          I DID END UP SUPPORTING IT VERY VOCALLY. 
          AND THROUGHOUT THE COMMUNITY AND ATTENDED TOWN HALLS WITH OUR CFO AT THE TIME. AND WENT THROUGH THAT WHOLE PROCESS. POSTED SOCIAL MEDIA ALL THOSE THINGS. I DON'T MIND THE RFRD PROCESS IS KIND OF WHAT I LEARNED. THAT EVEN WITH THE IMPACT OF SEA1, THE WAY I UNDERSTAND IT IS IT ESSENTIALLY JUST REVERTS MORE CONTROL LOCALLY. WE STILL HAVE THE OPPORTUNITY TO COLLECT THE SAME. MORE, LESS, WHATEVER WE PUT ON THE BALLOT. SO I DON'T NECESSARILY-- THE T STRUCTURE OF IT IN THE LEGAL SENSE OF LEGISLATION. 
          THEY DIDN'T TELL US WE CAN'T HAVE MONEY. 
          THEY SAID GIVE IT TO YOUR TAX PAYERS AND HAVE THEM VOTE ON IT. NOW AT THE SAME TIME, IT DOES BECOME A VERY DIFFICULT THING WHEN YOU START TRYING TO. 
          THIS WEEK. THAT'S NOT FOR ME TO SAY. 
          MAYBE THAT'S SOMETHING THAT REALLY MEANS SOMETHING TO YOU. 
          AND SOMETHING THAT MAYBE INSIGNIFICANT TO ME. 
          COULD BE VERY SIGNIFICANT TO SOMEONE ELSE. 
          I'M ALREADY GETTING TEXTS AND E-MAILS ON THIS RFRD PROCESS AND KIND OF SOME OF THE WAYS I'VE EXPLAINED IT ARE-- IT'S VERY EASY TO SAY MAKE CUTS. UNTIL YOU START LISTING THEM OUT AND TRYING TO DO THE MATH ON THEM. 
          AND OUR BUDGET TASK DID THAT. THEY WORKED REALLY HARD ON THAT FOR A LONG TIME. THANK YOU. 
          YOUR INVOLVEMENT IN THAT TOO. AND FRANKLY WE DIDN'T GET CLOSE TO THE IMPACT OF WHAT THIS FUNDING CHANGE WOULD DO TO THIS. YOU HAVE-- FAMILIES THAT DON'T GET INVOLVED IN SPORTS. WE'LL SAY CUT THE SPORTS PROGRAMS. FAMILIES THAT DON'T GET INVOLVED IN PERFORMING ARTS WILL SAY CUT THE PERFORMING ARTS. FAM AT LEAST TAKE AN INTEREST IN LITERATURE WILL SAY WHY DO WE NEED CTE. 
          FAM AT LEAST WANT CTE THINGS WILL SAY LET'S CUT THESE OTHER EXTRA CURRICULAR THINGS. EVERYBODY'S WILLING TO CUT SOMETHING. BUT IN A COMMUNITY, IT'S VERY TOUGH TO AGREE ON WHAT TO CUT. AND I THINK THE BIGGEST POINT I CAN MAKE IS-- EVERYTHING I JUST NAMED. 
          AND I STARTED TRYING TO WRITE SOME DOWN. 
          THAT THE BUDGET TASK FORCE HAD, CUT PROGRESS FEGSAL DEVE DEVELOPMENT, LITERACY COACHS. DEANS. 
          ASSISTANT PRINCIPLES. SPORTS PROGRAMS. PERFORMING ARTS. PAPER COPIES. 
          IF WE DID ALL OF IT. WE'RE NOT EVEN CLOSE TO THE IMPACT OF WHAT THIS HAS. A COUPLE YEARS AGO WAS PUT TO ME LIKE THIS, THAT-- AND I'LL GET THIS NUMBER WRONG AND I KNOW IT CHANGES EVERY YEAR. AND YOU MAY KNOW OFF THE TOP OF YOUR HEAD, A HUGE PERCENTAGE OF OUR BUDGET GOES TO SALARIES AND BENEFITS. DO YOU REMEMBER IT WAS SOMEWHERE AROUND 80% I THINK? HUGE AMOUNT. 
          >> A LOT OF NUMBERS I DON'T HAVE IT IN MY HEAD SORRY. 
          >> THAT'S FINE BUT WHEN WE WERE DOING THAT LAST TIME. 
          WHEN YOU START CUTTING AND I'VE NOW UNDERSTOOD WHY POLITICIANS DO IT THIS WAY, YOU JUST TELL EVERY DEPARTMENT TO CUT 10%. 
          THE BIGGEST AREAS WILL TAKE THE BIGGEST CUTS. 
          IN OUR INDUSTRY, IT'S SALARIES AND BENEFITS. 
          YOU SIMPLY CANNOT GET THERE BY CUTTING SPORTS, EXTRA CURRICULARS, COPIES, PROFESSIONAL DEVELOPMENT, WE COULD DO ALL THOSE THINGS AND FRANKLY WE DON'T WANT TO DO THAT. THAT CONVERSATION THAT I ALLUDED TO, IF WE CUT EVERY SPORTS PROGRAM HERE, IT WOULD HAVE THE OPPOSITE EFFECT. BECAUSE I THINK WE WOULD LOSE THOUSANDS OF STUDENTS. THAT KILLS OUR ADM. 
          IF WE CUT PERFORMING ARTS, WE WOULD LOSE THOUSANDS OF STUDENTS. I KNOW SEVERAL FAMILIES PERSONALLY THAT HAVE SAID IF WE DIDN'T HAVE BAND, WE'D SEND OUR KIDS TO-- BUFF. IF WE DIDN'T HAVE LACROSSE, WE 
          [01:30:02]
WOULD SEND OUR KIDS TO GARIN. SOME OF THESE EXTRA THINGS ARE 
          WHY WE HAVE PEOPLE HERE. >> CAN I COMMENT ON THAT? THINK WORK OF THE BUDGET TASK FORCE STRATEGICALLY AS DIFFICULT AS IT WAS, WORKED EXTREMELY HARD TO PROTECT ALL OF OUR PROGRAMS FOR JUST THAT REASON. 
          AND I WOULD GO ONE STEP FURTHER AND SAY IT'S NOT EVEN JUST ABOUT ENROLLMENT, IT'S ABOUT CONNECTIVITY FOR THAT STUDENT. 
          SO EVERY STUDENT HAS TO FIND THEIR NICHE AND THEIR CONNECTIVITY AND FOR STUDENT A IT'S THE BAND AND FOR STUDENT B IT'S DRAMA AND FOR STUDENT C IT'S SPORTS. 
          WHEN YOU HAVE THAT CONNECTION AND YOU'RE ENGAGED IN SCHOOL, YOU LEARN GROW AND YOU'RE SUCCESSFUL. 
          THE STUDENTS THAT STRUGGLE ARE THE ONES THAT AREN'T ABLE TO CONNECT IN SOME FASHION. AND THAT WAS SAID LOUD AND CLEAR. I'M JUST SAYING IT BECAUSE IT WAS THE VOICE OF THE BUDGET TASK FORCE. 
          WE HAVE TO CONTINUE TO HAVE CRITICAL OPPORTUNITIES FOR 
          STUDENTS. >> YEAH AND I'M SURE THERE'S RESEARCH SOMEWHERE TO PROVE THIS OUT. 
          BUT I THINK THAT IF YOU OFFER FEWER AND FEWER OF THOSE TYPES OF PROGRAMS, CHOIR, BAND, LACROSSE, YOU WILL SEE A DROP IN ACADEMIC PERFORMANCE TOO. I KNOW MY OWN KIDS GET TOGETHER WITH TEAMMATES TO STUDY. TO DO ACADEMIC THINGS. 
          BUT AGAIN I THINK OVERALL, I JUST HOPE THE COMMUNITY UNDERSTANDS THAT THE IDEA OF THERE'S MASSIVE WASTE. 
          MASSIVE OVERAGES AND AGAIN WE TALKED THROUGH ALL OF THIS TWO YEARS AGO. THIS BOARD AND OUR PREVIOUS BOARD WORKED REALLY HARD TO MAKE SURE THAT THERE IS NOT SOME EXCESSIVE AMOUNT OF WASTE. SERPLY NOT TO THE LEVEL OF 30 OR $40 MILLION PER YEAR. YOU DON'T DO MORE WITH LESS. 
          YOU DO LESS WITH LESS. IF I TOLD ANYBODY THAT THEIR HOUSEHOLD BUDGET WOULD DROP BY 20%, THEY WOULDN'T SAY WELL WE'RE JUST GOING TO CARRY ON EXACTLY HOW WE HAVE BEEN. 
          EVEN IF YOU WERE PUTTING THAT INTO SAVINGS, YOU WOULD HAVE TO STOP. SO IN MY OPINION, AGAIN I DON'T MIND THAT IT'S GOING TO BE ON THE BALLOT. 
          THAT'S DEMOCRACY. WHEN IT GETS TO THAT POINT, I'M SURE I'D APPROVE THAT. BUT IT'S NECESSARY. 
          SO I APPRECIATE ALL THE WORK YOU'VE DONE IN TRYING TO ILLUSTRATE THAT AND SHOW THAT OUT TO THE COMMUNITY. 
          AND TRY TO FUND THESE THINGS. I'VE LEARNED A LOT SINCE BEING A BOARD MEMBER ON ALL THESE TOPICS AND I HOPE THE COMMUNITY SEES THAT AND AGREES WITH IT. SO THANKS AGAIN FOR BOTH OF 
          YOUR WORK. >> DAWN? 
          >> THERE'S BEEN TALK OF THE BUDGET TASK FORCE. 
          CAN YOU TALK A LITTLE BIT MORE ABOUT THE ROLE THEY WILL CONTINUE TO PLAY GOING FORWARD OVER THE COURSE OF THE NEXT EIGHT YEARS? AND IF THEY ARE ACTIVELY INVOLVED. AND IF IT'S JUST THE BOARD ALONE MAKING THESE DECISIONS. REGARDING STAGNATION OR 
          WHATEVER THAT LOOKS LIKE. >> GILD BACK TO THE OPENER IN THE COMMENT THAT I MADE ABOUT. SHAME ON US IF WE STARTED THE BUDGET TASK FORCE. BECAUSE WE-- SAW THAT HAS A SOLUTION TO THE PROBLEM. MANY STEPS TO TAKE PLACE AND A LOT OF WORK LED UP TO THE BUDGET TASK FORCE PRIOR TO EVEN TAKING THE IDEAS. ABSOLUTELY MAY BE NECESSARY FOR THEM TO RECONVENE. I DON'T KNOW THAT THE EXPECTATION WOULD BE TO TAKE A SPECIFIC REFERENDUM RATE TO THEM. I KNOW THAT THAT GETS IN THE WEEDS VERY QUICKLY. AND REALLY, IS ULTIMATELY THE RESPONSIBILITY OF THE BOARD. OBVIOUSLY IF THAT'S SOMETHING THAT IS BEING ASKED OF US, YOU KNOW, AND I DON'T THINK YOU'RE SAYING THAT, BUT IS THAT BUDGET TASK FORCE ABLE TO STAY ACTIVE? YES. AND WOULD WE CONTINUE? IT DOESN'T TAKE A TASK FORCE TO TO SAY HEY DID YOU THINK ABOUT THIS IDEA? HEY DID YOU CONSIDER THIS? WHAT OPPORTUNITIES, SARAH MENTIONED IT. 
          HEY THERE MIGHT BE ANOTHER REVENUE STREAM THAT THE TEAM HADN'T CONSIDERED. WE'RE OPEN TO THAT AT ANY 
          POINT. >> RIGHT, OKAY. 
          THANK YOU FOR THAT. ALSO I RUN A NONPROFIT AND IT'S INTERESTING THE THROWNS LOOK THROUGH BECAUSE WE LOOK AT DIFFERENT WAYS TO GO TO DOANERS. 
          ENDOWMENTS ARE A BIG THING IN THE NOT FOR PROFIT WORLD. 
          HAS THE DISTRICT EVEN CONSIDERED OR THOUGHT AT ALL ABOUT ENDOWMENTS FOR THE DISTRICT AND WHAT THAT MIGHT-- 
          CONSIDERATION MIGHT LOOK LIKE? >> I WOULD SAY THERE'S NOT BEEN A LOT OF TALK IN THAT SPACE. MUST BE WHAT THEY DO TO PROVIDE DONATIONS. MOST OF THEM ARE FUNNELED THROUGH THE FOUNDATION. FOR THINGS LIKE SCHOLARSHIPS AND GRANTS. NO FORMAL ENDOWMENT PROCESS DIRECTLY RELATED TO THE DISTRICT. 
          [01:35:04]
          THAT I'M AWARE OF. >> OKAY. 
          ALSO ON SLIDE 30, THERE WAS TALK ABOUT THE RFRD SPENDING PLAN. DO THESE AMOUNTS REFLECT A PAY INCREASE IN SALARY AND IF SO WHAT DOES THAT AMOUNT TO 
          PERCENTAGE WISE? >> YEAH GREAT QUESTION. 
          AND I DON'T HAVE THE PERCENT CALCULATIONS AND THE NUMBER OF STAFF COULD VARY. YOU KNOW THERE IS FLEXIBILITY BETWEEN THE EDUCATION FUND AND THE RFRD FUND BUT FROM A BUDGETARY STANDPOINT IN 2026, OUR CURRENT BUDGET ABOUT $28.7 MILLION IS ALLOCATED IN THE CERTIFIED TEACHING POSITION SALARY AND BENEFITS LINE. AND ABOUT 1.1 IN THE BOTTOM LINE SAFETY AND SECURITY, SO THE ADDITIONS THAT YOU SEER ABSOLUTELY TRYING TO FACTOR IN SOME OF THOSE COMPONENTS. 
          I'LL GET ON A FIVE-SECOND SOAP BOX. 
          AND THAT IS THAT NEXT YEAR WE'RE GOING TO SEE A 1% INCREASE TO TEACHER RETIREMENT THAT IS NO FAULT TO ANYONE IN THE ROOM. THAT IS A BIG COST TO THE DISTRICT. SO HEAVEN FORBID SALARIES HAVE TO STAY STAGNANT. I WOULD HOPE AND PRAY THAT BENEFITS PREMIUMS STAY THE SAME. 
          BUT HERE TO TELL YOU THAT'S PROBABLY NOT GOING TO HAPPEN AS WELL. NOT PART OF THE RFRD SPENDING 
          PLAN. >> OKAY. 
          YOU MENTIONED EARLIER CHARTER SCHOOL FUNDING IS NOT PART OF THIS RFRD IF APPROVEED. IF FOR WHATEVER REASON THIS RFRD DOES NOT GET APPROVED AND WE PROJECT OUT TO THE NEXT EVEN NUMBERS YEAR WHICH WOULD BE 2028, THAT WOULD HAVE TO BE 
          INVOLVED IN THE RFRD, CORRECT? >> THAT IS CORRECT, YEAH. 
          SO THE CHARTER SCHOOL SPENDING PLAN WOULD BE IN EFFECT AT THAT POINT. MATT IF YOU WANT TO ADD 
          ANYTHING TO THAT? >> THERE ARE THRESHOLDS THAT ANY SCHOOL DISTRICT HAS TO MEET IN TERMS OF THE NUMBER OF RESIDENT STUDENTS WHO ENROLL AT A NON-VIRTUAL CHARTER SCHOOL. 
          I DON'T KNOW OFFHAND IF HSC QUALIFIES TO WHERE YOU WOULD BE IN A POSITION OF SHARING OR NOT SHARING. 
          THE ONLY CASE WHERE YOU CAN GHARNT YOU'RE NOT SHARING IS 
          PASSING A RFRD IN 2026. >> OKAY IS THAT A LEGISLATURE THING? OKAY. 
          >> THEY ARE TOTE ALE GOING TO PUT YOU ON THE SPOT BUT THERE'S FOUR OR FIVE COUNTIES NOW WHERE IT IS ACTIVE. 
          >> RIGHT THERE ARE FOUR COUNTIES. 
          LAKE, MARION, ST. JOE'S. SOUTH BEND VANDERBERG CURRENTLY SHARING WITH CHARTER SCHOOLS. BEGINNING IN 2028. 
          THAT EXPANDS TO ALL COUNTIES AND STATE. 
          SO LONG AS THE SCHOOL DISTRICTS MEETS THAT THRESHOLD OF NUMBER OF DOIDZ ATTEND AN IN-PERSON CHARTER SCHOOL. 
          >> AND SINCE WE ARE PROJECTING TO RUN IN '26 WE COULD NOT HAVE DOVE INTO THE CALCULATION BECAUSE IT WOULD HAVE 0 IMPACT RIGHT NOW. WE WOULD HAVE TO DIVE INTO THAT IF WE CHOSE TO RUN IN 28 INSTEAD OF 26. 
          >> JUST MAYBE REMIND ME SOMETHING I HAD LOOKED UP AND MEANT TO SAY. SOME OF THE DIFFERENCES AND I WAS SURPRISED TO FIND THIS. TO TRY AND FIGURE OUT WHAT WE REALLY-- COSTS TO RUN THIS PLACE PER STUDENT. 
          YOU HAVE TO TAKE OUR ENTIRE BUT SCOMBRET DIVIDE IT BY THE NUMBER OF STUDENTS. NOT JUST EDUCATION FUND OPERATION. TOTAL BUDGET. 
          I TOOK THAT AND WE'RE AROUND 15 OR $16,000 DEPENDING ON HOW MANY KIDS WE HAVE. ALL THE HAMILTON COUNTY SCHOOLS IT'S BETWEEN 13 AND $16,000 PER KID IS THE TOTAL BUDGET. 
          THE INTERESTING THING IS WHAT DAWN MENTIONED IS THE ENDOWMENTS. THEIR TUITION RANGE FROM 16 TO $4,000 A YEAR. SO JUST IN BASE TUITION, THEY ARE OUTPACING US BY 30% OR 40% OF INCOME. 
          BUT THEN YOU ADD THEIR ENDOWMENT SUPPORT AND IT GOES UP TO 33 TO $38,000 A YEAR PER KID. 
          SO I ONLY SAY THAT TO KIND OF PUT THAT OUT INTO THE PUBLIC. 
          OF WHY CAN'T YOU RUN YOUR SCHOOL ON LESS MONEY? LIKE VERBUFF DOES OR CATHEDRAL DOES? THEY ARE SPENDING ROUGHLY DOUBLE WHAT WE ARE PER STUDENT. 
          AND I THINK WE HAVE WAY MORE OPTIONS. 
          MORE THINGS. MORE PROGRAMS. SO WE ARE ALREADY DOING MUCH MORE WITH LESS. 
          [01:40:03]
BUT IT'S THE ENDOWMENT PART I HADN'T CONSIDERED BEFORE AND I JUST LOOKED THAT UP. SO AGAIN WE ARE RUNNING ON A TIGHT BUDGET. THERE'S JUST NOT A LOT TO TRIM. 
          >> JUST A COUPLE QUESTIONS HI FROM COMMUNITY MEMBERS. 
          SO BEAR WITH ME. IT MAY BE REDUNDANT BUT I WANT TO MAKE SURE THEIR QUESTIONS ARE SPECIFICALLY ASKED. 
          AGAIN WE ADDRESS SPORTS. WHY ARE WE NOT CUTTING BUDGETS FROM SPORTS FOP RECONFIRM THAT'S A WHOLE DIFFERENT ALLOCATION OF BUDGET AND WE WOULD NOT GET CLOSE ANYWHERE NEAR TO WHAT WE NEED TO MEET FOR THE GAP THAT WE'RE LOOKING TO COVER. CORRECT. 
          >> I THINK THAT'S AN ACCURATE STATEMENT, YES. 
          >> OKAY. WHAT'S THE ERROR PLUS OR MYS NOW MAKE SURE THIS NET AV FOR ONE TWO OR THREE PERCENT PLUS TIFF? I THINK WE'VE COVERED THE ERROR THAT WE ARE LOOKING TO CUSHION OURSELVES IN. 
          SO JUST REITERATING THAT. THIS IS A LITTLE BIT IN THE MINUTIA BUT AGAIN JUST TO MAKE SURE IT'S BEEN CONSIDERED, WE OBVIOUSLY RECEIVE VEHICLE REGISTRATIONTEES. 
          ANY PREDICTIONS ON WHAT THOSE COULD BE. 
          >> YEAH ON THIS SLIDE OAF ALL SLIDES THE EXCISE ESTIMATED IMPACT OR REVENUE IN 2027 IS $1.25 MILLION. 
          THAT'S. HISTORICALLY CLOSE TO WHAT WE'VE RECEIVED IN THAT SPACE. OBVIOUSLY THAT IS CONTINGENT UPON REGISTERED VEHICLES AND THERE'S SOME FLUCTUATION IN THAT. BUT IN GENERAL THAT NUMBER IS 
          OUR ESTIMATE AT THIS POINT. >> THANK YOU. 
          WHAT IF THE HOUSING MARKET CRASHES? 
          >> WELL. I WOULD SAY THIS, THERE'S THE MARKET AND THEN THERE'S THE GROSS ASSESS VALUE OF ALL OF OUR HOMES. NO FORTUNE TELLER CAN PREDICT WHAT WOULD HAPPEN. WE ALL KIND OF LIVE THROUGH A VERY DIFFICULT TIME AND IT RECOVERED VERY QUICKLY. 
          AS ANY ECONOMIST WOULD SAY AND I AM NOT EVEN CLOSE TO ONE, THERE'S EBBS AND FLOWS. JUST LIKE THERE IS IN THE MARKET AND ALL THE THINGS. AND SO WE TRIED TO BUILD IN SOME FLEXIBILITY FOR FUTURE LEGISLATIVE ACTION AS WELL AS AV CHANGES. NOTHING'S PERFECT. 
          BUT WE DID OUR BEST TO PLAN FOR SOME OF THAT. 
          >> THANK YOU. IN REGARDS TO THE CONTRACT WE HAVE BEFORE FOR COUNCILLOR HEAD COUNTS, DOES ANY OF THIS RFRD SPENDING PLAN INCLUDE THAT IN THERE? OR WAS THAT STILL BUDGETED SEPARATELY IN A DIFFERENT 
          CATEGORY? >> YEAH IF YOU ARE TALKING ABOUT THE MENTAL HEALTH GRANT THAT WE RECEIVED REACHING CLOSE TO END OF LIFE ON, WE HAVE-- IN THE ROOM. 
          AND SHE WAS A BIG PART OF THAT BUDGETING AND PLANNING. 
          THAT IS FACTORED INTO OUR EDUCATION FUND SPENDING PLAN. 
          THAT IS NOT A PART OF THE RFRD SPENDING PLAN. 
          BUT WE ARE TALKING ABOUT BEHAVIOURAL HEALTH. 
          SO I DO WANT TO EMPHASIZE THIS IS SOLELY DEDICATED TO PREVENT OUTSIDE BEHAVIOURAL THERAPIST. 13 TO BE EXACT THROUGHOUT OUR 
          SCHOOL BUILDINGS. >> CORRECT. 
          SO COMPLETELY SEPARATE. >> THAT IS CORRECT. 
          >> THANK YOU. AS FAR AS-- YOU KNOW WE'RE DISCUSSING RFRD SPENDING PLAN, WHAT IS THE THOUGHT PROCESS. 
          AND I KNOW THERE HAS BEEN SOME. BUT OBVIOUSLY WE HAVEN'T TALKED MUCH ABOUT IT OUTSIDE OF THE RFRD SPENDING PLAN HERE WITH DISCUSSION OF FIVE SCHOOL BUILDINGS. 
          275 STAFF. WHAT'S OUR PLAN. 
          OBVIOUSLY WE JUST WENT THROUGH THE FIRST RIFT WE'VE EVER HAD. 
          THERE'S A LOT TO LEARN FROM THAT. 
          WHAT IS THE PLAN LOOK LIKE OR THE TIMELINE IF THE RFRD DOES 
          NOT PASS IS NOT SUCCESSFUL? >> YEAH. 
          SO GREAT POINT. SO IMMEDIATELY THIS IS THE IMPACT. SO $4.2 MILLION AND AGAIN NOT THAT WE'RE TRYING TO RECAPTURE ALL THAT. 
          BUT A PORTION OF THAT IS LOST. AND EREALLY IT'S OVER $10 MILLION IF WE WOULD CHOOSE TO GO BACK OUT IN 2028. 
          WE'VE KIND OF TALKED IN DEPTH ABOUT THE WORK OF THE BUDGET TASK FORCE. WE'VE BEEN VERY CAREFUL. 
          APPROPRIATELY SO TO PROTECT PROGRAMS. IF A RFRD FAILS, IT SLIDES BACK TO OUR PREVIOUS 1995 RATE. 
          AND THERE'S ONLY TWO THINGS THAT COULD ADJUST. 
          AND THOSE ARE PEOPLE AND PROGRAMS. AND WE KNOW THE SENSITIVITY AND DIFFICULT NATURE OF ALL OF THAT. TRANSPARNSLY I THINK WE WOULD CONSIDER IF IT DIDN'T PASS TO GO BACK IN 28. 
          BUT THE IMPACT IN THOSE TWO YEARS WOULD BE SUBSTANTIAL TO WHAT HAPPENS IN TO OUR FINANCIAL STORY. 
          >> RIGHT. THANK YOU. 
          AND THEN ALSO JUST TO REITERATE OFF OF SARAH PARKS-REESE QUESTION. AND TO GIVE CREDIT TO YOU GUYS FOR THE WORK YOU'VE DONE. THERE'S BEEN SOME CONVERSATIONS 
          [01:45:01]
ABOUT A PRE-K THAT WOULD GENERATE REVENUE WE HAVE NOT 
          HAD PREVIOUSLY. >> I'LL CUE IT UP. 
          WE DO PROVIDE PREK SERVICES CURRENTLY. 
          WE DO CHARGE TUITION FOR STUDENTS THAT ARE ATTENDING THAT DO NOT HAVE AN IUP. SO THERE IS SOME REVENUE THAT'S ASSOCIATED WITH THAT. WE'RE EVALUATE GOING THAT TUITION NEEDS TO INCREASE. BUT YES, THERE IS AN OPPORTUNITY TO EXPAND. I DON'T KNOW. 
          >> YEAH ONE OF THE THINGS THAT WE WANTED TO DO IN LIGHT OF REDISTRICTING THIS YEAR WAS GET KIND OF A NEW BASELINE IF YOU WILL FOR UTILIZATION IN OUR BUILDINGS. 
          AND THEN TALK ABOUT WHAT WOULD BE EXPANSION LOOK LIKE. 
          MAYBE EVEN INTO-- YOU KNOW DAY CARE FOR EMPLOYEES. 
          THAT TYPE OF AVENUE. BUT THAT'S SOMETHING SIMPLY WE JUST HAVEN'T CROSSED THAT MARKER YET. 
          BUT I WOULDN'T SEE ANY BIG CHANGES FOR NEXT YEAR. 
          BUT USING NEXT YEAR AS A TIME FRAME IN WHICH TO-- IF WE WERE GOING TO GO DOWN THAT ROAD PLAN FOR IMPLEMENTATION A YEAR FROM 
          FALL. >> GOT IT. 
          THANK YOU. AND THEN MY LAST QUESTION GOING BACK TO IF THE RFRD DOES NOT PASS, OBVIOUSLY WE'VE LEARNED A LOT THROUGH THIS FIRST-EVER RIFF PROCESS WE'VE HAD TO DO. 
          IS THERE ANY STAGES OR SET UP ALONG THE WAY TO HAVE A RIFF PLANNING COMMITTEE? OR TO GET FEEDBACK FROM MAYBE SOME OF THOSE INTERNALLY WHO HAVE GONE THROUGH THE PROCESS? 
          AS BEFORE WE APPROACH TO IT? >> YEAH SO GOOD QUESTION. 
          WE HAVE HAD ACTIVE CONVERSATION WITH THE ASSOCIATION ABOUT THIS. THAT THE LANGUAGE THAT WE FOLLOWED THIS SPRING IS LANGUAGE THAT'S LIVED IN THE TEACHER HANDBOOK FOR SOME TIME. IT JUST WAS NEVER PUT INTO PRACTICE. AND SO I THINK THERE ARE THINGS ON BOTH FRONTS THAT WE WOULD LIKE TO SEE CLEANED UP. 
          SOME OF SIT QUITE FRANKLY IS HAPPENING THERE ARE SOME AVENUES WHERE WE CAN INJECT SOME CHANGE INTO THAT OUR INTENT WAS TO COME TOGETHER THIS SUMMER. 
          AND MAYBE HAVE SOME DISCUSSION ABOUT WHAT THAT WOULD LOOK LIKE AND THIS CURRENT PROCESS. WE DON'T WANT TO CHANGE ANY LANGUAGE WHEN A CURRENT PROCESS IS IN PLAY RIGHT NOW. 
          >> THANK YOU. AND THEN AS FAR AS THOSE YOU WOULD DISCUSS OR GET FEEDBACK WITH. 
          WHAT'S YOUR OVERSIGHT OR PLAN TO COLLECT. 
          I MEAN OBVIOUSLY THE TEACHER'S UNION, WOULD YOU-- STAFF THAT HAVE BEEN RELISTED IF YOU WILL BACK INTO OUR DISTRICT AND FEEDBACK. HOW DO YOU SEE THAT? 
          >> SIDE BY SIDE WITH THE ASSOCIATION. 
          AND THE DELIVERY OF NOTICES. IN HAVING CONVERSATIONS WITH STAFF WHERE WE'VE GONE BACK AND HAD RECALL MEETINGS. 
          AND THERE'S CERTAINLY BEEN INPUT THAT'S BEEN RECEIVED FROM THE AFFECTED FOLKS ABOUT WISHING THE PROCESS WAS DONE DIFFERENTLY. OR HOW IT WAS CARRIED OUT. 
          THOSE WILL. >> ALL:  BE THINGS THAT WE CONSIDER AS WE MOVE FORWARD AND LIKE I SAID, THAT'LL BE A CONVERSATION WITH THE ASSOCIATION AND WITH ADMINISTRATION AND COMING TOGETHER ON SOME KIND OF PLAN 
          MOVING FORWARD. >> AWESOME. 
          THANK YOU SO MUCH. AND THAT'S THE END OF MY QUESTIONS. ANY OTHER FURTHER KWOERS 
          COMMENTS FROM THE BOARD? >> YEAH I FORGOT TO ASK SOMETHING. AND IT'S KIND OF GOING BACKWARDS TO WHAT WE HAD TALKED ABOUT BEFORE BUT REAL QUICK YOU TOUCHED ON EIGHT LITTLE BIT. CAN YOU EXPLAIN CURRENT RESERVE BALANCES AND WORKING BALANCES AND HOW THOSE FUNDS FACTORED INTO LONG-TERM RFRD PLANNING AND TRANSITION CONSIDERATIONS? 
          >> YEAH, I THINK WITH THE LAST COUPLE BUDGET PRESENTATION WES TALKED ABOUT THE USE AND HOW IT EXCEEDED REVENUE AND THERE NEEDS TO BE OPPORTUNITIES TO SLOW THAT DOWN. 
          I THINK AS WE'VE TALKED ABOUT, DOW THAT IN A MULTIFACETTED APPROACH. YOU DO IT WITH BUDGET REDUCTIONS AND COST SAVING STRATEGIES AND YOU DO IT WITH ADDITIONAL REVENUE SOURCES JUST LIKE MS. PARKS-REESE MENTIONED. 
          AND SO CASH BALANCES WERE ACTIVELY CONSIDERED WHEN WE PUT THE RFRD SPENDING PLAN TOGETHER. 
          AND IN AGAIN ALTHOUGH THEY ARE SEPARATE BUCKET, THERE ARE SOME PIPELINES THAT WORK IN BETWEEN THEM. 
          >> GREAT. THANK YOU THEN I JUST WANT TO SAY SOMETHING AS A COMMENT AS A BOARD MEMBER AND COMMUNITY MEMBER THAT'S LIVED HERE FOR GOSH 28 YEARS SOMETHING LIKE THAT. HISTORICALLY THIS DISTRICT IS AN AMAZING SCHOOL DISTRICT THAT PROVIDES EXCELLENCE AND EDUCATION. SAFETY WONDERFUL TEACHERS. 
          [01:50:03]
ALL OF THIS DIDN'T JUST START TODAY. 
          WE STARTED RFRD YEARS AGO. BUILDERINGS WERE BUILT AND WE GREW ALONG WITH IT AND THAT BEING SAID I CAN SAY AS A REALTOR OF ALL THESE YEARS. THE NUMBER ONE THING THAT DRAWS PEOPLE TO OUR COMMUNITY IS OUR SCHOOLS. 
          WE HAVE A PHENOMENAL SOUTHEASTERN SCHOOL DISTRICT AND I WANT TO STRESS THAT BECAUSE THESE PROBLEMS DIDN'T FALL INTO OUR LAP TODAY. WE HAVE A WONDERFUL PROBLEM OF A GROWING SCHOOL DISTRICT AND UNFORTUNATELY WE'RE CRIPPLED WITH LEGISLATION STUFF. SO I JUST WANT TO REITERATE SOME OF THAT SO TO SAY, NO ONE LIKES TAXES. 
          OR INCREASE TAXES AND ALL THOSE FUN THINGS AND I WILL SPEAK ON BEHALF OF MYSELF BEFORE BECOMING A SCHOOL BOARD MEMBER. 
          LIKE NO WE DON'T NEED A RFRD UNTIL YOU LEARN AND UNDERSTAND. 
          WHAT IT'S ABOUT. SO I CHALLENGE THE COMMUNITY TO ASK QUESTIONS AND TO EDUCATE THEMSELVES. 
          IN WHAT IT'S ABOUT. BECAUSE MY KIDS ARE GROWN. 
          BUT SOMEONE PAID TAXES AND PROVIDED AND APPROVED RFRD. 
          SO MY KIDS COULD HAVE AN EXCELLENT EDUCATION. 
          AND I THINK MANY PEOPLE WOULD SAY WELL MY KIDS ARE OUT I DON'T NEED TO PAY FOR A RFRD. WELL SOMEONE PAID FOR YOUR KIDS WHEN THEY WENT. SO IT'S SOMETHING JUST TO REMEMBER. THAT THE RFRD HAS BEEN IN PLACE TO SUPPORT ALL THOSE THINGS OUR KIDS GET. 
          AND MR. ORR TAPPED INTO IT EARLIER YOU COULD EASILY SAY GET RID OF BAND OR THEATRE OR SPORTS BUT THEN YOU LOSE A BUNCH OF STUDENTS THAT WILL GO TO ANOTHER SCHOOL DISTRICT. 
          SO WE JUST HEARD I GUESS THE LAST COUPLE MONTHS ALL THOSE EXCELLENT THINGS THAT OUR KIDDOS HAVE DONE FROM MATH, SPELLING BEE, DEBATES. WE THE PEOPLE. 
          OUR KIDS ARE THRIVING AND IT'S BECAUSE OF OUR TEACHERS AND THIS DISTRICT THAT PROVIDES THAT EDUCATION. 
          BUT IT'S NOT FREE. AND WE HAVE TO PROVIDE FOR THEM. SO I JUST WANTED TO STRESS THAT AGAIN. WE'RE HERE TO DO IT IN THE BEST FASHION THAT WE CAN AND BE RESPONSIBLE AND GOOD STEWARDS OF THAT FUNDING. SO THANK YOU FOR THIS 
          PRESENTATION. >> ANY OTHER COMMENTS OR 
          QUESTIONS? >> PUBLIC SCHOOL FUNDING IS A DIFFERENT BEAST. AS MENTIONED RECENTLY BAY BOARD MEMBER. ISN'T IT MORE COMMON FOR DISTRICTS TO APPLY FOR SPECIFIED GRANTS VERSUS ENDOWMENTS? AND CAN YOU DISCUSS IF THEY ARE 
          STILL APLYING FOR GRANTS. >> THEY HAVE TO BE EVALUATEED. 
          THAT'S NOT SOMETHING THAT ANY ONE MEMBER OF OUR TEAM SHORT OF DR. KEGLY'S LEADERSHIP WOULD DETERMINE. 
          THAT'S A COLLECTIVE APPROACH THAT WOULD BE IN PLAY. 
          BUT YES, OF COURSE WE WOULD CONSIDER AND EVALUATE ANY 
          AVAILABLE GRANT THAT WE HAVE. >> OKAY. 
          AND ALSO. I KNOW FROM WHAT I'M HEARING FROM THE COMMUNITY. WE DON'T WANT TO REALLY JUMP TO STAFF REDUCTION WHEN WE DISCUSSED COST CUTTING BECAUSE THAT IS NOT A PRIORITY. THEY WANT OUR DISTRICT TO FOCUS ON STUDENT SUCCESS AND OUR EDUCATORS ARE A LARGE PART OF THAT. AND I JUST THINK IT'S IMPORTANT FOR US TO KEEP THAT IN THE FOREFRONT. 
          >> THANK YOU. >> THANK YOU. 
          >> ANY FURTHER COMMENTS OR QUESTIONS FROM THE BOARD? 
          >> QUICK QUESTION. CAN YOU TALK ABOUT HOW THE COMMUNITY CAN BECOME MORE INVOLVED IN THE CONVERSATIONS? WHAT KIND OF OPPORTUNITIES THERE ARE FOR THE COMMUNITY TO ASK QUESTIONS. AND TO HAVE MORE DIALOGUE OTHER 
          THAN SENDING THEM TO A WEBSITE? >> YEAH. 
          I MEAN-- AT RISK OF GOING HOME AFTER WORK AT SOME POINT MY E-MAIL IS ON THE FINANCIAL WEBSITE AND THEY ARE WELCOME TO ASK QUESTIONS. ALL JOKING ASIDE, WE THINK THAT IS GOING TO BE INTERACTIVE IN NATURE AND SO WE STRATEGICALLY PUT AN FAQ PORTION TO THE WEBSITE SO WE GET GOOD QUESTIONS FROM A COMMUNITY MEMBER. 
          GOOD QUESTIONS FROM ALL COMMUNITY MENS BUT I'M NOT OPPOSED TO MEETING ANYBODY INDIVIDUALLY OR IN A SMALL GROUP IF NECESSARY. WHAT I WOULD SAY IS WHAT'S GOING TO BE IMPORTANT IF THIS BOARD MOVES FORWARD IN THE JUNE 10TH MEETING IS WE IMMEDIATELY GET TO WORK AND MEET WITH ALL OF OUR COMMUNITY MEMBERS AND A VARIETY OF DIFFERENT WAYS JUST REICH THIS DISTRICT DID IN 2023 THAT'LL BE REALLY IMPORTANT. 
          >> YEAH I THINK IN THE SHORT TERM, AS IN THE NEXT COUPLE OF WEEKS, TIM'S INBOX IS THE WAY TO GO. 
          OR I'M KIDDING. BUT I THINK ON JUNE 10TH, WE'LL IN ADDITION TO MAKE A RECOMMENDATION WOULD OUTLINE WAYS AT THAT POINT THAT THE COMMUNITY MEMBERS COULD GET INVOLVED IN THE COST. . 
          >> BECAUSE YOU'LL ALSO TALK ABOUT THE PLANNING. 
          [01:55:03]
THE RFRD. IF AND WHEN WE PASS THIS, YOU'LL TALK ABOUT RFRD COMMITTEES AND ALL THAT KIND OF STUFF. AT FUTURE MEETINGS. 
          OKAY, THANK YOU. >> THANK YOU AGAIN M MR. PARKINSEN AND STAFF FOR YOUR TIME AND DEDICATION TO THIS. IT'S CERTAINLY NOT AN EASY CONVERSATION. AND SO I APPRECIATE YOU TAKING ALL OF OUR QUESTIONS. AND BEING OPEN TO THE COMMUNITY AND THE PUBLIC TO MAKE SURE THAT EVERYBODY FEELS HEARD AND SEEN. SO THANK YOU VERY
* This transcript was compiled from uncorrected Closed Captioning.