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Three Rivers Local board approves FY2026 budget and three-year forecast amid tax-collection shortfall
Summary
The Three Rivers Local Board of Education approved its FY2026 budget and three-year forecast Feb. 10 after a treasurer’s report showing slower-than-expected property-tax collections, rising outplacement costs and planned capital projects including track and turf replacements.
The Three Rivers Local Board of Education on Feb. 10 approved its FY2026 budget and three-year forecast after a presentation from the district treasurer outlining revenue timing problems and several large upcoming capital needs.
Treasurer Mrs. Riesenberg told trustees that property-tax collections so far this year are far below the district’s typical January receipts — about $500,000 to date compared with the several million dollars the district would normally expect — forcing the district to request advances and draw down savings to meet payroll and obligations. "Collections have been very slow," she said, adding that some residents may have delayed payments pending possible state adjustments.
The treasurer…
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