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SFUSD presents bleak three-year budget outlook, warns of deep multi-year deficits
Summary
District staff told the San Francisco Unified School District board the budget could swing from a $31.8 million ending balance this year to deficits of $17 million (2010-11) and as much as $67.6 million (2011-12) absent new revenue or cuts, warning that sustained shortfalls could trigger state intervention.
SAN FRANCISCO — The San Francisco Unified School District warned the school board on Thursday that a temporary infusion of state stabilization funds is masking a much larger structural shortfall that may require rapid, painful decisions.
Budget staff told trustees that the districtprojects it will end 2009-10 with roughly $31.8 million in reserves if one-time state fiscal stabilization money is included, but that without that infusion the district would face a $6.6 million deficit this year and larger gaps in subsequent years. The three-year projection presented to the board shows a potential $17 million shortfall in 2010-11 and a $67.6 million gap in 2011-12; staff said a total shortfall of about $83 million would be required to meet the districtdesignation to maintain a minimum…
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