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PYLUSD projects multi‑million dollar deficits but issues positive fiscal certification
Summary
Chief Business Officer Dr. John Papalardo presented the district's second interim report showing projected deficits over the near term (roughly $11 million this year), declining enrollment and rising benefit costs, and recommended a positive certification while urging reductions and close monitoring.
Placentia‑Yorba Linda Unified School District officials on March 10 presented a second interim financial report that projects multi‑million dollar deficits over the next three years even as the district issued a positive fiscal certification.
Chief Business Officer Dr. John Papalardo told trustees the district currently projects roughly $250 million in general fund revenues and a little over $260 million in expenses…
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