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Martinez Unified interim report shows multi‑year deficits, warns reserves near minimum
Summary
The district’s first interim report projects a $2.8 million deficit this year with planned cuts of about $2 million in later years; special education costs, declining enrollment and expiring block grants are the chief fiscal pressures, leaving reserves only modestly above the statutory minimum.
Chief business official Andy Cannon presented the district’s first interim financial report (period through Oct. 31), telling trustees that declining enrollment and funded ADA combined with rising costs have put the district in a precarious fiscal position.
Cannon said the district projects roughly $2.8 million in deficit spending for the current year; the…
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