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La Jolla ISD reports $13.1 million year-end favorable variance, cites improved revenue and expense management
Summary
Business and finance staff told trustees the district closed 2024–25 with about $13.1 million more revenue than previously estimated, driven by state settle‑up increases and local revenue adjustments; staff said improvements allow planning for investments.
La Jolla ISD business leaders reported on Sept. 10 that the district closed fiscal year 2024–25 with an approximately $13.1 million favorable difference between updated revenue estimates and previously projected budget figures.
Merjet, the district's chief of business, finance and administrative services, told trustees the district is revenue‑dependent on three main levers — average daily attendance (ADA), the local property tax base and the state's funding formula —…
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