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SFUSD board adopts negative interim certification, advances fiscal stabilization plan
Summary
The San Francisco Board of Education voted to adopt a negative second interim certification for fiscal year 2024–25 and approved an updated fiscal stabilization plan after staff presented new projections showing large shortfalls over the next two fiscal years.
The San Francisco Board of Education on Wednesday adopted a negative second interim fiscal certification and an updated fiscal stabilization plan after district staff said revenues would fall short of expenses without additional action.
The board voted 7–0 to approve the district’s second interim report and the related fiscal stabilization update, a move that formalizes staff projections that the district is deficit spending this year and will need ongoing reductions to remain solvent in coming years.
The negative certification reflects staff projections showing that current-year expenditures exceed revenues by about $97 million, and that without further reductions the district faces a $57 million shortfall in 2026–27.…
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