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Carlsbad Unified revises revenue outlook, uses $1.8M from stabilization fund to balance first interim
Summary
The district’s first interim shows a net $2.6M decline in ending fund balance driven by a $5.6M correction to property‑tax assumptions and higher services costs; staff used $1.8M of the stabilization assignment and issued a positive certification.
Assistant Superintendent of Business Services Rob Nye presented Carlsbad Unified’s 2025‑26 first interim financial report at the Dec. 10 board meeting, telling trustees the district’s projected revenue dropped by about $1.5 million from the adopted budget due to a $4.0 million correction to in‑lieu property tax accounting and a $1.6 million reduction tied to basic‑aid status and the loss of supplemental property taxes. Projected expenditures increased about $1.1 million, yielding a net reduction in the ending fund balance of roughly $2.6 million.
Nye said the district corrected a June…
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