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District projects multi‑year deficit; board certifies 'positive' with planned reductions
Summary
At the March 3 meeting the district presented its second interim budget showing about $12 million in unrestricted deficit spending in years 1–2 and $13 million in year 3 absent reductions; trustees approved the report after staff outlined $5 million in reductions in 2026–27 and an additional $1 million in 2027–28 to remain solvent over a three‑year window.
District finance staff presented the second interim financial report covering actual revenues and expenditures through Jan. 31 and a three‑year projection, and the board approved the report by voice vote.
The presenter (speaker 7) told trustees the district certified a "positive" certification for the three‑year projection because it incorporated planned budget reductions. Without those reductions, the presenter said, unrestricted deficit spending would be about $12 million in the current year and still $12 million in the second projected year, growing to roughly $13 million in year three. To address that gap, staff have incorporated reductions of $5 million in 2026–27 and an…
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