Aspen School District financial leaders said rebuilding its depleted reserve balance could take 16 years without revenue from three tax measures on the November ballot. Jason Charme/Aspen Daily News

Without revenue from three November ballot measures, Aspen School District financial leaders said it would take 16 years to rebuild its depleted reserves.

The district’s reserve balance decreased from about $8 million to $2 million since 2019, due to five years of deficit spending and unexpected costs during the pandemic, ASD Interim Chief Financial Officer Max Marolt told the board of education on Wednesday. If three proposed school district tax measures don’t pass on Nov. 4, it would take the district over a decade to rebuild its reserves to 20% of its general fund — the state-recommen

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