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FCMAT warns small districts and some receivership districts face deepening fiscal stress
Summary
The Fiscal Crisis & Management Assistance Team told the Senate subcommittee that while many districts remain fiscally stable, declining enrollment, rising utility and insurance costs, and the end of one‑time federal funds are increasing the number of districts with qualified or negative certifications; some may require emergency loans.
The Fiscal Crisis & Management Assistance Team (FCMAT) told the Senate Budget Subcommittee No. 1 on Education on March 13 that most California school districts retain signs of fiscal strength but that the number of districts with qualified and negative budget certifications is rising, and that the pace of deterioration is accelerating in some places.
FCMAT chief executive officer Mike Fine said the problems are concentrated among small and “tiny” districts that lack staffing and scale to absorb enrollment drops, but also appear in medium and large urban districts coping with special costs. Fine said the agency is monitoring districts in receivership or with long‑standing fiscal problems, and that one district—Plumas Unified—may require a state…
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