Board reviews budget update; staff report on potential $12.2 million grant and May 2026 bond timing
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Summary
Finance staff reported year‑to‑date spending and discussed a potential grant of about $12.2 million tied to a future bond that would require board and voter approval; district submitted a grant application and expects a decision on funding.
District finance staff briefed the board on the district’s current fiscal position and on preparations for a potential bond and associated grant.
Finance staff reported year‑to‑date spending of just over $521,000 compared with the same period last year and identified increased insurance rates as a key driver of higher costs. Staff also described preparatory work for a possible bond tied to a competitive grant opportunity. According to staff, the district submitted required consulting assessments and filed its grant application for roughly $12.2 million; if the grant is awarded it would be contingent on subsequent board action and voter approval to bond for the project. Staff said any bond measure would be targeted for the May 2026 election cycle.
Board members discussed the district’s sensitivity to tax impacts and emphasized the need to avoid undue burden on the community while pursuing facility updates. Officials said further details and the grant determination will be reported to the board when available.
No final commitment to a bond was made at the meeting; staff framed the discussion as preparatory and contingent on external approvals.