Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves 2024–25 unaudited actuals showing $66 million deficit largely due to one-time capital projects
Summary
Trustees approved Stockton Unified’s 2024–25 unaudited actuals, which show a $66 million deficit for the year and an ending fund balance of $312 million. The administration attributed roughly $50 million of the deficit to one-time capital work (security cameras, HVAC/LED) and said most of that spending is nonrecurring; the measure passed 6–1 with Trustee Flores voting no.
Dr. Michelle Hun presented the district’s 2024–25 unaudited actuals to the board on Sept. 9 and described the financial picture that underlies multiple facilities and operational decisions.
Dr. Hun said the district closed the year with a $66 million deficit and an ending general-fund balance of $312 million (beginning balance $378 million). She attributed roughly $50 million…
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
