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Gilroy Unified board adopts 2024–25 budget; finance staff warns of tight reserves and sensitivity to COLA shifts
Summary
The board adopted the 2024–25 general fund budget after a presentation that highlighted updated state budget activity, revised COLA assumptions, inclusion of a Mount Madonna equity multiplier, and a constrained budget where roughly 88% of unrestricted expenditures are salaries and benefits.
District finance staff reviewed the changes between the May 30 public‑hearing budget and the version presented for adoption on June 13. Staff noted that Assembly Bill 107 had reached the governor and that trailer bills will follow; those actions could prompt a budget revision in August. The presentation highlighted revised cost‑of‑living assumptions, the…
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