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Trustees warn of $3 million annual shortfall and track state Prop 98 holdback
Summary
Board members described structural budget pressures that are drawing about $3 million annually from reserves; statewide moves to hold back Proposition 98 funds totaling $1.6 billion were discussed with potential impacts on district funding.
Trustees told the board the district faces a recurring deficit that will require drawing down reserve funds while state funding remains uncertain.
Trustee Underwood summarized district budget projections and said the district is currently drawing roughly $3 million per year from savings to meet existing obligations, and called the current budget “the…
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