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Rankin Finance Committee says Amended FY26 deficit improved to $84,034, cites planned purchases
Summary
Chair Dr. Matt Gordon told the committee the FY26 amended budget projection improved from an original -$249,114 deficit to a projected -$84,034, driven mainly by planned purchases such as an RTU-3 unit and a math curriculum; the committee noted continued healthy fund balances.
Dr. Matt Gordon, chair of the Rankin School District #98 Finance Committee, reported that the district’s FY26 amended budget projects a deficit of -$84,034, an improvement from an earlier projection of -$249,114. He attributed the change to the Original Budget’s conservative construction and to relatively limited unforeseen expenses, noting that planned purchases — chiefly a replacement RTU-3 unit and a new math curriculum — were the primary drivers of deficit spending.
Gordon said the district’s budgeting approach for FY26 included purchasing plans intended to move the district forward and to potentially offset some costs projected for FY27. Committee members accepted the summary as presented; no formal vote on the amended budget was recorded during the Finance Committee meeting, and any formal action will be handled at a full Board of Education meeting if required.
