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Newport-Mesa board certifies 2025–26 first interim budget as "positive," staff flags reserve pressure
Summary
The Newport-Mesa Unified School District board voted to certify the district's 2025–26 first interim budget as "positive," citing a $3.2 million revenue upward revision and $15 million of higher expenditure assumptions that reduce projected reserves to about 13.65%.
The Newport-Mesa Unified School District Board of Education on Tuesday approved a staff recommendation to certify the district's 2025–26 first interim budget as "positive," indicating the district can meet its current and next two years' financial obligations.
Chief Fiscal Officer John Dixon told trustees the first interim reflects a modest revenue uptick and higher near-term costs. "We received our first property tax revised estimate from the county, which was slightly higher than we had assumed at adopted budget," Dixon said, noting a roughly $5…
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