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Garvey Board approves First Interim Report, staff say $3.2 million gap remains to be closed
Summary
The Garvey Board of Education on Dec. 12 approved its 2024–25 First Interim Report with a Positive Certification, after staff told trustees the district can meet obligations through 2026–27 while projecting an estimated $3.2 million additional reduction is needed to preserve long-term stability.
The Garvey Board of Education unanimously approved the district’s 2024–25 First Interim Report on Dec. 12, certifying that the district can meet its financial obligations for the current fiscal year and the following two years.
Chief Business Officer Rafael Gaeta told trustees that “the district's budget certification is positive and the district will meet its three-year plan.” Fiscal Director Marvin Lee reviewed revenue and expenditure assumptions, telling the board that inflation, the exhaustion of…
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