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District projects multi-year shortfall as board adopts 2024–25 budget with $6 million of planned reductions
Summary
District staff told the La Mesa-Spring Valley School Board the 2024–25 budget faces a multi-year shortfall driven by declining ADA/enrollment, lower state tax revenues and rising special-education costs; the board adopted the 2024–25 budget and included a $6 million reduction in its multi-year projection to meet county reserve expectations.
District staff presented the La Mesa-Spring Valley School Board with a sobering budget outlook on June 25, saying state revenue declines and rising costs leave the district with a multi-year deficit and a set of planned reductions.
The board adopted the 2024–25 district budget after staff outlined the statewide context for the proposal. A staff presenter said the governor's May Revision preserved the Prop 98 minimum guarantee but that lower-than-expected personal income and capital gains tax receipts reduced projected revenues that flow to schools. "We're really just trying to play catch up in terms of the revenues that we were anticipating," the budget presenter said, describing a lag in tax receipts that reshaped the May Revision.
Why it matters: the district projects a substantial deficit in the first year of the projection and said it has…
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