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Harbor district adopts preliminary budget amid cash‑flow and dredging funding uncertainty
Summary
The board adopted a preliminary FY2025–26 budget that estimates roughly $10.24M in revenue but flagged cash‑flow challenges tied to debt service, capital projects and pending FEMA reimbursement for dredging.
The Humboldt Bay Harbor, Recreation and Conservation District adopted its preliminary FY2025–26 budget after a detailed staff presentation and discussion of cash‑flow pressures tied to capital projects and debt service.
Staff presented a preliminary income estimate of about $10.24 million and expense estimates in the $9.0–$9.5 million range, leaving a modest projected net position. At the same time, staff and commissioners noted that scheduled principal debt reduction (about $544,000 next…
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