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SFUSD board files negative fiscal certification, authorizes early-retirement offer and fiscal-stabilization plan
Summary
The San Francisco Board of Education voted to file a negative first-interim fiscal certification, approved a supplemental early-retirement program (SERP) authorization and advanced a fiscal-stabilization package aimed at closing a projected structural deficit. Staff projected a multi‑year cash decline and said final reduction details will be firmed up in February.
The San Francisco Board of Education voted to file a negative first-interim fiscal certification and approved a package of measures to address a multi-year structural budget shortfall.
Superintendent Hsu and finance staff presented the first interim report, saying the district faces deficit spending in 2024–25 and beyond. Roseanne Lazcano, interim chief business officer, told the board staff projected unrestricted deficit spending of approximately $110,000,000 for 2024–25 and $127,900,000 for 2025–26 and described a cash‑flow projection that shrinks the district—s cash position from about $540,000,000 at the end of 2023–24 to roughly $80,000,000 in later projection years without corrective action.…
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