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SFUSD holds first reading of 2008-09 budget citing one-time reserves and structural risks
Summary
At first reading the superintendents recommended 2008-09 budget projects the district will rely on one-time rainy-day reserves and local measures to avoid layoffs next year but warns of long-term structural shortfalls driven by declining enrollment, retiree health costs, and uncertain state COLA funding.
San Francisco Unified School District staff presented the first reading of the recommended fiscal year 2008-09 budget and accompanying three-year projections, saying the district can avoid immediate layoffs by using a combination of one-time rainy-day reserve funds and local parcel tax revenues but that longer-term structural challenges remain.
Budget staff highlighted two near-term sources of local support: an estimated rainy-day reserve (city-managed funds) that would provide approximately $18.1 million in 2008-09 and local parcel tax revenue from…
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