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CUSD first‑interim report: county tax estimates cut revenue projection by ~$605,000; reserve forecast at 4.31%
Summary
The 2024–25 First Interim shows a $991,000 reduction in projected revenues driven largely by a $605,000 drop in county property‑tax estimates; the board approved the report after discussion and requests to invite the county assessor to explain the change.
The Carpinteria Unified School District board on Nov. 26 received and approved its 2024–25 First Interim financial report, which shows a roughly $991,000 reduction in projected revenues compared with the adopted budget and a projected year‑end shortfall of about $396,000 for 24–25.
Jason Caff, the district presenter, said the change is primarily driven by updated P‑1 property‑tax estimates from Santa Barbara County. "At P‑1, we are estimating that our property taxes are gonna come in at about $31,400,000," he said, reflecting a drop of roughly $605,000 from the…
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