Interim finance staff told the board the FY26 deficit decreased by $2 million over two weeks to $15 million (report date Aug. 6) and noted a $3 million deposit that day; the board voted to file intent to levy rates that would raise roughly 4% more revenue (real estate 79.7¢; personal property 81.1¢; motor vehicle 59.2¢).

Interim finance staff told the board the unaudited FY26 balance sheet shows assets ~$46.6M, liabilities ~$57.4M and a fund-balance deficit near $10.7M; staff expect additional occupational and utility tax receipts to narrow the gap but said newly certified property‑tax data reduced FY27 revenue projections by about $12M.