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Tustin Unified certifies second interim budget as "positive" while projecting multi-year deficits
Summary
The Tustin Unified School District board voted to certify its 2025–26 second interim report as positive while hearing staff warn of projected multi-year deficit spending and approving a refunding bond resolution intended to reduce borrowing costs.
The Tustin Unified School District Board of Education on Wednesday certified its 2025–26 second interim financial report as "positive," even as staff warned of projected deficits over the next two fiscal years and outlined steps to manage costs.
Finance presenter David Yang told the board the district’s unrestricted general fund showed a net increase in fund balance of about $2.4 million compared with the first interim, driven largely by an anticipated $4 million increase in interest revenue offset in part by roughly $2 million in increased budgeted expenditures tied to proposed salary settlements. Yang also…
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