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Finance director: district deficit projected to shrink to about $8M this year; next‑year preliminary gap near $10M
Summary
Rob Welch told trustees midyear adjustments — higher ADA, updated homestead-exemption hold harmless amounts and increased weighted revenues — reduce the current-year deficit from earlier estimates; staff projected a preliminary $10M deficit for 2025–26 and convened a stakeholder Fit (FIT) committee to develop options.
Rob Welch, staff member in district finance, presented a midyear budget update and preliminary projections for next year on Feb. 24, saying updated state and local revenue estimates and enrollment changes reduce this year’s deficit but that significant work remains for the 2025–26 budget.
Welch reviewed the district’s recent budget history: the district started budget development with an initial projected deficit of about $20 million, trimmed that to roughly $12.5 million through a series of reductions and then adopted the 2024–25 budget with an estimated $16 million deficit after adding a 2 percent compensation increase. At midyear, Welch said new information — updated…
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