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Board adopts 2024–25 LCAP and budget, flags multi-year deficit and maintains 10% reserve
Summary
Trustees adopted the Local Control and Accountability Plan and the 2024–25 budget, noting a projected multi-year structural deficit, a planned 10% reserve (~$28.4M unrestricted) and the need for early mitigation steps to address future shortfalls.
The ABC Unified School District Board adopted its 2024–25 Local Control and Accountability Plan (LCAP) and the district budget after a two-step process. Deputy Superintendent and CFO Tuan Lewin presented final numbers and staff responses to board feedback collected at a prior meeting.
Lewin said district revenues for the 2023–24 year were estimated at about…
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