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Torrance Unified certifies improved second interim budget and creates fund to track property-exchange investment income
Summary
The board voted to give positive certification to its 2024-25 second interim budget after improved attendance and higher unduplicated pupil counts raised LCFF revenue projections; trustees also adopted a resolution creating a new fund to track investment income related to a Harmony property exchange.
Torrance Unified trustees approved positive certification of the district's 2024-25 second interim budget after staff reported revenue improvements tied to higher attendance and an increased unduplicated pupil percentage (UPP).
A district fiscal presenter told trustees that P1 attendance certification and the UPP increase raised LCFF revenue projections and improved the district's funded COLA outlook. The presenter said…
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