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District finance chief warns of deficit spending, forecasts tougher years ahead
Summary
Dr. Matt Gordon told the board March 23 that deficit spending is projected for FY26 and he anticipates more difficult financial years ahead, but he expressed optimism an amended budget in June could show a smaller deficit.
At the regular March 23 meeting, Dr. Matt Gordon presented the district's March 2026 finance summary and told the board that deficit spending is forecast for the current fiscal year. "Deficit spending is forecasted for this fiscal year; however, he remained optimistic that the deficit spending amount provided in June for the Amended Budget will be less in comparison to the amount predicted in the Regular Budget approved this past September," the minutes report.
Dr. Gordon also warned the board to expect "more difficult financial times ahead" over the next several fiscal years. The minutes do not include dollar figures or a multi-year projection chart; they note only the forecast and the expectation that June's amended budget may moderate the deficit. The administration plans to present formal amendment figures at the June public hearing.
