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Board approves positive certification of first interim budget; parcel taxes make up ~20% of revenue
Summary
District staff presented the 2025-26 First Interim report showing the district meets its 3% reserve; parcel taxes account for roughly 20% of revenue, and the board voted 5-0 to certify the interim report.
District finance staff presented the 2025-26 First Interim financial report showing the district meets the required 3% reserve and projects multi-year stability under current assumptions. The presentation outlined revenue changes since the adopted budget, including one-time state grants and bringing previously held ASB team funds into district accounts.
Finance staff noted parcel taxes (Measure G) currently account for about 20% of revenue, and parcel taxes together (Measure G and Measure P) represent nearly 30% of the districts revenue mix. The board voted to provide a positive certification of the First Interim report (motion by Susie, seconded by Ruchi) and approved the certification unanimously, 5-0.
