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District finance chief outlines health‑care and special‑education costs and projects a modest reserve uptick after settlement
Summary
At the June 11 meeting CBO Jason Calf presented the 2025-26 proposed budget that projects a 5.37% unrestricted reserve under current assumptions, highlights a ~$6.1 million special-education gap and a roughly $420,000 health-insurance cost increase, and factors in a negotiated salary settlement.
The Carpinteria Unified School District’s chief business officer, Jason Calf, told the board on June 11 that, under current assumptions and a negotiated settlement, the district’s unrestricted general fund reserve is projected to rise to about 5.37% in 2025-26. The presentation framed that projection against a 2023-24 unrestricted ending balance of 3.59% and compared the district to statewide and peer averages.
Calf stressed two large structural pressures on the budget. First, special-education expenditures substantially exceed special-education revenues; Calf said the district expects to contribute roughly…
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