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Hacienda La Puente USD board hears sobering second‑interim report; trustees warned of multi‑year deficits
Summary
District staff presented the 2025–26 second interim financial report showing a projected $20 million drop in the current year and continuing multi‑year deficits; trustees cited a high FHRA risk rating and urged expedited steps to protect the district’s minimum reserve.
Miss Risco, the district presenter, told the board the second interim shows the district began the year with a $68,000,000 fund balance and projects a net decrease of about $20,000,000 this year, leaving an ending balance near $47,000,000.
"We start off for the year at 68,000,000," Miss Risco said, adding projected deficits in years two and three that would reduce the ending fund balance to approximately $22,000,000 without further action.
Why it matters: trustees said the presentation documented…
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