Riverside Local officials warn of multimillion-dollar deficits, prepare levy scenarios

At a Riverside Local board meeting, Speaker 4 (unidentified meeting participant) summarized a four-year financial forecast showing rising year-over-year deficit spending and said the district must prepare levy options for voters.

Speaker 4 presented numeric forecasts saying fiscal year 2027 shows projected deficit spending of about $5,400,000 (an increase from an earlier $4.4 million projection), fiscal year 2028 was projected at negative $7,800,000, and fiscal year 2029 was projected at about $10,300,000 in deficit spending; the presenter noted the district still held cash reserves but that the multi-year trend was compounding the problem. "We know we're in deficit spending," Speaker 4 said, and later stated, "We are levy imminent." The transcript also includes a referenced annual impact from a county tax change of "about $1,200,000 a year." These figures were delivered by speakers during the meeting and…