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Petaluma City Schools approves first interim report as staff warns of continued deficit without $5M cuts
Summary
The board unanimously approved the district's first interim financial report for 2025—26 after a presentation showing $2.9 million in revenue above budget adoption but a projected multi-year deficit that assumes $5 million in reductions next year; unrestricted reserves stand at about $5.0 million (roughly 3.7%).
The Petaluma City Schools Board of Trustees unanimously approved the district's first interim financial report for fiscal year 2025—26 after a detailed presentation by business‑services staff on revenue, spending and multiyear projections.
"The district certification is positive based on current information," the business‑services presenter said, summarizing financial activity through Oct. 31 and the assumptions behind the report. Staff told trustees the district's overall revenues are approximately $2.9 million higher than at budget adoption, driven by an estimated $455,000 increase in LCFF sources and roughly $2.5 million in other state revenues tied…
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