MBUSD Annual Operating Surplus/Deficit ($ Millions). One-time pandemic aid provided a temporary buffer, but the underlying structural deficit created by 2013's enactment of the Local Control Funding Formula has now emphatically returned.
Status
Operating Surplus
Status
Historical Deficit
Warning
Projected Insolvency Path
SOURCE: MBUSD 2ND INTERIM REPORT (MARCH 11, 2026)
NOTE: PROJECTIONS REPRESENT 'NO REDUCTIONS' SCENARIO TO DEMONSTRATE THE IMPACT OF THE STRUCTURAL GAP.