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Rankin board schedules Amended Budget hearing after finance report flags likely deficit
Summary
Finance lead Dr. Matt Gordon told the board he "still anticipates some deficit spending for this fiscal year" and scheduled a public hearing on the 2025-26 Amended Budget for June 22, 2026; a recommendation to adopt the Amended Budget will follow that hearing.
Dr. Matt Gordon presented the district's March 2026 finance summary and told trustees he "still anticipates some deficit spending for this fiscal year," while expressing hope that the Amended Budget presented in June will show a smaller deficit than the Regular Budget approved in September.
Gordon said a public hearing on the Amended Budget will take place at the June 22 board meeting, after which he expects to recommend approval of the Amended Budget. The board did not take final budget action at the May 4 meeting but was informed of upcoming purchasing decisions tied to instructional needs and the amended budget process.
