Board weighs borrowing up to $1.39 million to cover a local revenue shortfall

What happened

The August 10, 2026 agenda included a resolution declaring a shortfall in local revenue and allowing the district to borrow up to $1,391,087 with a shortfall promissory note. The agenda notes the board tabled the item and recessed the meeting.

Why it matters to families

A shortfall note is a loan that covers money the district expected from local taxes but did not get. It would have to be paid back from future budgets, which can squeeze spending on schools.

The evidence

Action items 8L and 8M on the August 10, 2026 agenda name the shortfall resolution and the hiring of legal counsel for the note, both capped at $1,391,087.00. A note on the posted agenda says the board moved to table both items. No minutes are posted to show a later vote.

The source