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San Francisco District board approves layoffs and third interim budget amid $10.4M shortfall
Summary
The San Francisco District governing board on May 7 approved a set of layoff and certification resolutions and adopted its third interim financial report for 2025–26 after staff described an estimated $10.4 million deficit and warned that without actions the district could face state receivership; trustees emphasized restoring reserves and seeking one-time state funds.
The San Francisco District governing board on May 7 adopted its 2025–26 third interim financial report and approved a set of layoff and certification resolutions after staff described a multi‑year budget shortfall and urged cost reductions to avoid state intervention.
The Chief Business Official presented the third interim report, covering July 2025 through April 30, 2026, saying the district estimates general fund revenue at about $90.6 million, with LCFF as the primary source. "We estimate our general fund revenue at third and around, $90,600,000," the official said, and reported an estimated shortfall of roughly $10.4 million, of which about $9.5 million would be covered by restricted carryover funds, leaving a gap that staff said must be addressed through a $4.8 million reduction plan and other measures.
The report listed key assumptions used in multi‑year projections, including COLA estimates (2.3% for 25–26, 2.87% for…
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