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District projects ongoing deficit, proposes advisory committee to address reserves
Summary
Assistant Superintendent Josephine Peterson told the board the FY25–26 proposed budget aligns with the LCAP but the district faces a multi‑year structural deficit driven by declining enrollment, pension and operating cost increases, and the sunset of COVID‑era funding; trustees urged strategies to reduce deficit spending.
Assistant Superintendent of Business Services Josephine Peterson presented the Jefferson Elementary School District’s FY25–26 proposed budget and a multi‑year financial projection, saying the budget was based on the governor’s May revision and current enrollment estimates.
Peterson told the board the district remains heavily dependent on state Local Control Funding Formula (LCFF) dollars and is projecting a structural deficit in the multi‑year projection. "With those transfers, the deficit is about $7 million ongoing every year," she said, noting that roughly $4 million of…
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