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CFO outlines 2025–26 budget calendar, enrollment decline and preliminary assumptions to trustees
Summary
Chief Financial Officer Sandy Poteet briefed trustees on the governor’s budget proposal, projected enrollment decline to 3,611 ADA, a 2.43% COLA assumption and timing for May revision and June adoption steps.
Sandy Poteet, the district’s chief financial officer, presented the preliminary budget development calendar and assumptions for the 2025–26 fiscal year and reviewed external and internal drivers that will shape the budget.
Poteet said the governor’s January proposal currently includes a fully funded cost-of-living adjustment (COLA) estimated at 2.43% and that the state is monitoring volatile revenue, in part because capital gains drive a large share of California revenue. “The governor has fully funded the COLA, which is currently estimated at 2.43%,” she said.
Poteet outlined several items that are uncertain…
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