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District projects $4.6 million deficit in second‑interim; officials flag supplemental‑tax uncertainty
Summary
The district’s second‑interim budget report projected a $4.6 million deficit for 2024–25, reported a small improvement from the first interim and said an unresolved county question about supplemental property‑tax treatment could materially affect future years’ revenue forecasts.
The district’s finance staff presented the second‑interim fiscal solvency report and asked the board to certify the district can meet its financial obligations for the current fiscal year.
Chief business staff (presenter not named in the transcript) summarized three headline points: the district is pacing to a $4,600,000 deficit for the year (a $200,000 improvement from the first interim); staff are investigating how supplemental property taxes are treated by the county and whether those taxes convert into the general tax base; and budget…
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