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Riverside board debates November income-tax proposal, $120 million campus as deficit warnings mount
Summary
Leaders urged trustees to consider a 1% earned-income tax to support operations and a proposed $120M 7–12 campus; trustees split on packaging operations and facilities together, citing timeline, equity and partner commitments; board moved to executive session 5–0.
District leaders presented trustees with finance modeling and a campus plan during a work session that emphasized an urgent need for new revenue to avoid deeper deficits and potential state oversight.
The district’s fiscal officer told the board the February forecast shows sustained multi-year deficit spending and said the district risks state fiscal watch if deficits exceed 8% of the general fund and fiscal emergency at 15%. "You can see we’re in deficit spending at $8.96 million," the fiscal officer said, describing the forecasted trajectory and the potential consequences for district operations.
Staff presented funding scenarios: a 4-mill property levy would raise about $6.9 million annually and a 5-mill levy about $8.6 million based on the transcript’s modeling; presenters cautioned that recent state property-tax rules (discussed as House Bill 920 in the…
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