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Santa Rosa board adopts conservative third-interim budget as state May revise tightens funding
Summary
The Santa Rosa City Schools Board on May 28 adopted a conservative third-interim financial report after staff and outside advisors warned that the state May revise reduces projected education funding and raises fiscal risk for the district.
The Santa Rosa City Schools Board of Education on May 28 adopted its third-interim financial report after district finance staff and outside advisors warned that the state May revise and slower-than-expected enrollment raise fiscal risk for the next several years.
Staff member Joel, who led the presentation, summarized the state picture: "they're looking at an estimated $14,000,000,000 deficit," and said the governor's May revise preserves some January proposals but depends in part on one‑time shifts and deferrals. Joel told the board the district is using conservative assumptions recommended by Sonoma County Office of Education and FCMAT (Financial Crisis and Management Assistance Team) for the district's multiyear projections.
The board was…
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