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Preliminary FY 2025–26 budget shows $3 million shortfall; board faces millage or one-time fund choices
Summary
District finance staff presented a preliminary general fund budget showing a $3 million deficit after cuts and revenue projections. Staff offered options including a possible millage increase or use of one-time funds and said additional state budget actions may change figures.
District finance staff presented a preliminary general fund budget for fiscal year 2025–26 on May 28 that shows a projected $3 million shortfall after planned reductions.
Key figures presented by the district budget team include a preliminary revenue estimate of $229,578,857 and a preliminary expenditure budget of $232,608,265, leaving a gap of approximately $3,029,408. Staff told the board the fiscal presentation does not include a planned transfer from nonrestricted capital funds that was used in the prior year to balance the budget.
Why it matters: The general fund is the district's main operating fund; a persistent deficit would require either recurring revenue increases (for example, by…
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