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Meridian board adopts balanced 2026–27 budget; four-year forecast projects tight revenues
Summary
The Meridian School District Board approved Resolution No. 0226 adopting the 2026–27 F-195 budget and a four-year forecast. Finance staff said each forecast year is balanced but revenue pressures make the outlook tight, and the budget includes bus purchases and technology levy transfers.
The Meridian School District Board of Directors voted to adopt the 2026–27 F-195 budget, approving Resolution No. 0226 after a public hearing on the district’s four-year forecast.
Mr. Daniel Yortin presented the budget and forecast, saying the proposed plan is balanced for each of the four years covered by the F-195 but that ‘‘the next four years are looking pretty tight’’ because state funding and new revenues are not expected to increase. He described revenue and expenditure projections for the general fund, Associated Student Body (ASB) funds, debt service tied to the district’s 2010 bonds, capital projects (including technology-levy transfers to the general fund), and transportation vehicle plans that budget for one bus in year one and two buses in each subsequent forecast year.
The board read Resolution No. 0226 before voting. The resolution, described to the board as the formal adoption of fund appropriations and the four-year enrollment projection, was moved, seconded and approved by voice vote.
Board members and staff noted particular items to monitor: ASB fund dynamics (revenues are recovering from pandemic impacts and may require either additional revenue or reduced expenditures in the first year), debt-service levy requirements tied to prior bonds, and the capital projects pipeline that includes technology and anticipated vehicle replacements. On ASB, staff said the first-year budget shows expenditures higher than revenues and that years two through four in the forecast are balanced via projected expenditure adjustments or revenue increases.
The budget hearing and adoption are part of the district’s annual process under the F-195 reporting framework. The resolution adopted the district’s budget and set the appropriations and transfer authority described in the F-195 packet. The board took no additional fiscal action at the meeting beyond the adoption; staff will implement the budget and report back on the items the board flagged for closer monitoring.
