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Long Beach Unified projects multi‑year deficit; staff outline stabilization plan
Summary
Chief financial staff presented a second interim showing a long‑term enrollment decline of about 16,000 students since 2016, restricted funds and one‑time investments that complicate balancing, and a fiscal‑stabilization plan that may require roughly $40 million in additional reductions across years; the board accepted a monitoring report and will proceed with budget steps through May and June.
Margaret Lim, presenting the district’s second interim financial report, told the board the district has experienced an enrollment decline of roughly 16,000 students since 2016 and is projecting continued fiscal pressure that requires early action.
Lim outlined revenue assumptions and projections: a general‑fund revenue mix with about 70% from local control formula sources, 21% state, 6% federal and 3% local; current budget projections use an…
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