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Cardinal Treasurer Reviews Draft of Five-Year Forecast

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Cardinal Schools Board of Education reviewed a draft of the five-year forecast with Treasurer Merry Lou Knuckles Sept. 28 with the understanding that five years is a long time to accurately project income and spending. “The five-year forecast is a cruel joke on school districts,” she said, explaining there is no way a school district can plan accurate income and expenses for three months, much less the next five years. Foundation money from the state went away for two years, and then was brought back in 2016, Knuckles said. Poverty-based assistance money is flexible and funding for limited English language...

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