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SFUSD delays vote on second interim budget after public calls for transparency; CFO forecasts $22.6 million shortfall
Summary
Meghan Wallace, SFUSD chief financial officer, presented a second interim report showing a $22.6 million shortfall for the current year and multi-year deficits ahead. Parents, unions and teachers pressed for greater transparency and for the board to postpone certification; the board agreed to delay the vote.
Meghan Wallace, the San Francisco Unified School District chief financial officer, told the board on March 10 that the district is forecasting a $22,600,000 shortfall for fiscal year 2019–20 and anticipates larger multi‑year deficits ahead.
Wallace presented the district's second interim report, saying it reflects improved revenue assumptions — including a $3.4 million boost to the local control funding formula (LCFF) and an estimated $3.8 million uptick in sales tax — but continued expenditure growth, especially in special education and leave costs. "Now we're forecasting a $22,600,000 shortfall this fiscal year," Wallace said in the presentation.
The report compared…
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