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IUSD finance chief warns one-time funds limit program runway as state revenue outlook weakens
Summary
Chief Business Official John Fogarty told the board the district's 2025—26 budget outlook is stable but sketched state-level revenue risks in the May Revision, possible reductions to discretionary block grants and reliance on one-time funds that can sustain current programs for roughly two years.
The Irvine Unified School District's chief business official presented the district's proposed 2025—26 budget at the June 10 board meeting, warning that uncertainty in the state's May Revision could reduce available discretionary funds and that the district is depending on one-time money to sustain several programs.
John Fogarty said the district is projecting a relatively stable local outlook but faces statewide revenue volatility that the governor flagged in the May Revision. "I'm encouraged to report that the district's financial outlook for the budget year and the two subsequent…
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