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District finance update: governor’s January proposal shrinks COLA outlook, staff flags one-time grants
Summary
Finance staff told the board the governor’s January budget proposal reduces projected COLA, outlines several one‑time block grants (student support, learning recovery, universal meals), and could mean continued deficit spending; the district will model scenarios for its second interim report in March.
At the Jan. 21 meeting, Mount Diablo Unified’s chief business office provided a budget update focused on the governor’s January proposal and near‑term impacts for the district’s multi‑year projections.
Adrian Vargas summarized key elements from a January workshop in Sacramento and told trustees that prior COLA assumptions have fallen: earlier projections used higher COLA estimates but the governor’s proposal lowered those figures. Vargas also highlighted several one‑time allocations in…
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