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District finance director warns governor's proposal could withhold $8.5 million from Gilroy Unified
Summary
A district finance presentation explained how the governor's January budget proposal would reduce the Prop 98 minimum guarantee and could withhold $5.6 billion statewide, a change the presenter said translates to about $8.5 million less for Gilroy Unified; staff noted some offsetting one-time grants but warned of multi-year uncertainty.
The district's budget presenter reviewed the governor's January budget proposal and its potential ramifications for Gilroy Unified, telling trustees the Department of Finance proposal reduces the Prop 98 minimum guarantee and includes a proposed $5.6 billion withholding that would affect district funding for 2025'26.
"That $5,600,000,000 of withholding from the minimum is $8,500,000 that we don't have for our…
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