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FCMAT warns of growing number of fiscally stressed districts; Plumas and Franklin‑McKinley cited for urgent risk
Summary
The Fiscal Crisis and Management Assistance Team told the Assembly subcommittee that qualified and negative certifications have risen, naming several districts at risk of insolvency and highlighting enrollment declines, wildfire impacts and rising fixed costs as drivers.
Mike Fine, chief executive officer of the Fiscal Crisis and Management Assistance Team (FCMAT), told the Assembly Budget Subcommittee on Oct. 27, 2025, that California continues to see fiscal stress in a small but significant set of local education agencies.
Fine said one district — Franklin‑McKinley (Santa Clara County) — has deteriorated rapidly and could move from a qualified certification to a negative certification and face a cash shortfall within a year without corrective action. He described Plumas Unified as likely to require an emergency state appropriation in…
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