Paramount Unified projects multi-million-dollar deficits in multi-year projection; board accepts second interim report
Business services presented the second interim budget showing revenue of about $267 million and expenditures near $296 million, forecasting multi-year deficit spending and declining reserve percentages; the board accepted the second interim report and discussed mitigation options and staffing implications.
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Paramount Unified School District's business office told the board on March 12 that declining enrollment and the end of one-time funding are producing multi-year budget pressure, with projections that expenditures will outpace revenues in the near term.
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