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Tustin Unified projects growing multi-year deficits but certifies first interim as 'positive'
Summary
Tustin Unified officials told the board the district's first interim budget shows an increased ending fund balance in restricted and unrestricted accounts but projects multi-year deficit spending that grows from $13.5 million this year to $21.1 million by fiscal 2028; the board voted to certify the first interim as "positive."
TUSTIN, Calif. — The Tustin Unified School District Board of Education on Tuesday received its first interim budget report for 2025–26, which showed an increased ending fund balance driven largely by one-time and restricted dollars but projected growing deficit spending over the next three fiscal years.
David Yang, senior director of business services, told the board the district's updated projections reflect actual activity through Oct. 31 and a series of revised assumptions since the June budget adoption. He said the unrestricted general fund showed an overall projected ending fund balance increase of $12.6 million, driven in part…
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