Lebanon Fire District is facing a structural budget shortfall of $858,450 for Fiscal Year 2025-26, the district reported last week in a statement circulated to the community.
That deficit differs from cyclical deficits caused by temporary economic downturns in that it “reflects a persistent gap between expenditures and revenue,” LFD’s statement said.
“Without corrective actions, reserve fund balances will continue to decline, impacting cash flow and the ability to fund essential capital purchases, including fire…