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Board warns of multimillion‑dollar shortfall as Diablo Canyon unitary tax declines; members press PG&E for compensation
Summary
District staff told the board the San Luis Coastal Unified faces a structural deficit driven largely by the loss of unitary tax revenue tied to Diablo Canyon. Board members called for compensation this year while PG&E and staff said a legislative solution is likely; no immediate payment was committed.
The San Luis Coastal Unified School District heard a budget briefing that outlined a structural shortfall driven primarily by a drop in unitary tax revenue tied to the Diablo Canyon nuclear power plant and rising personnel costs.
The presentation by Ryan Pinkerton, the district fiscal lead, explained the timing: un‑audited actuals will be available in September, a property‑tax estimate arrives by Nov. 30, and March notification deadlines mean the board must make staffing decisions by December. "Un‑audited actuals will tell us exactly what we spent, what our revenues were and where our reserve levels ended up," Pinkerton said.
Why it matters: the district said it previously received roughly $11 million in unitary tax related revenue in earlier years and this source has decreased to about $3.7 million…
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