Oakrove School District to tap reserves and present fiscal stabilization plan after county flags multi-year deficit

Associate Superintendent of Business Mark Evans said the Oakrove School District is facing a persistent multi-year budget gap and will present a board-approved fiscal stabilization plan this fall after the Santa Clara County Office of Education issued a conditional approval of the district’s finances.

Evans told meeting participants that when the board adopted the district’s 2025–26 budget in June it estimated revenues of about $141 million and expenditures of roughly $152 million, leaving an approximately $11 million gap. He said recent state actions — including a one-time $1.7 billion distribution to districts nationwide and a higher-than-expected TK add-on — reduced the projected 2025–26 shortfall to about $8 million, but those improvements are not ongoing revenue sources.

“The state provided about $2.5 million to us as one-time funds in 25–26, and the TK add-on increase will give us roughly $400,000 more annually,” Evans said. “Those one-time dollars help this year, but they do not solve the multi-year deficit.”

Evans explained that Oakrove’s primary operating revenue comes from the Local Control Funding Formula (LCFF), a mix…