Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
District finance staff report a tighter outlook; board asked for deeper scenarios
Summary
Margaret Lam presented a second interim showing $1.17 billion in general fund revenue, $1.26 billion in projected unrestricted expenditures and a three-year structural gap that still requires further cuts (staff cited a $40 million next-year need and a roughly $122 million three-year gap without additional actions).
At the meeting the district’s finance team presented its 2025–26 second interim financial report and answered detailed questions from board members and public commenters.
Margaret Lam told the board the district's general fund revenue is approximately $1.17 billion and projected general fund expenditures approximately $1.26 billion. She said roughly 70% of revenue comes from the Local Control Funding Formula (LCFF), with state revenue about 21%, federal 6% and local about 3%. Lam emphasized the district has lost over 16,000 students since 2015–16, a decline she said is similar…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
