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Treasurer: revenue outlook improves; five-year forecast still projects late-year deficit
Summary
Treasurer presented an updated forecast showing higher real-estate revenue and state aid that reduced the current-year deficit projection, but the district still shows a negative balance in the fifth forecast year without additional actions.
Treasurer Becky Jacobs presented the board with an updated forecast and the monthly August financial report, saying recent revenue estimates and state-aid simulations improved the district''s near-term position but longer-term pressure remains.
Jacobs said projected general-fund revenue for fiscal 2026 rose from about $81.4 million in the May forecast to about $84.3 million in the current projection, driven largely by higher real-estate collections and updated ODE state-aid simulations. That change reduced the projected deficit in the current year from roughly $4.4 million to about $1.08 million and lowered the previously forecasted drop in ending cash balance.
Why it matters: The five-year forecast guides levy planning, budget priorities and capital decisions. Even modest…
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