Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Mentor CFO presents FY26 appropriations, warns of enrollment decline and $2M projected deficit
Summary
The district board approved fiscal-year 2026 appropriations and heard CFO analysis showing most revenue is local, enrollment declines continue (6,454 students), and a projected approximately $2 million deficit for the year; the CFO described timing changes required by House Bill 96.
At the Sept. 9 meeting the board heard the Chief Financial Officer—xplain the FY26 appropriations request and the district's near-term fiscal outlook before approving the appropriations authority for the year.
The CFO (title provided in the meeting; name not in the public transcript) said appropriations represent the board's legal authority to spend during the fiscal year. He described the district's revenue mix and projections: 72.2% of projected revenue comes from the local tax base, about 15.6% from state aid, and roughly 6.6% from homestead and rollback reimbursements on levies approved before 2012. The CFO projected total revenue near $115.7 million and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
