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Board approves second interim report and files positive certification amid pension pressures
Summary
Trustees voted 5-0 to file a positive certification on the district's second interim report; staff reported modest one-time revenues, multi-year projections showing a narrow combined budget, and rising STRS/PERS contribution costs expected to pressure future budgets.
The Simi Valley Unified School District board on March 14 voted unanimously to approve and file the district's second interim financial report with a positive certification.
Finance staff presented the report, saying there were "no major changes" between first and second interim but highlighting shifts in one-time and local revenues. The presenter noted combined budget figures and described approximately $20.9 million in…
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