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LA Unified CFO warns of multiyear budget shortfall; town halls surface calls for clearer, bilingual materials and equity protections
Summary
Chief Financial Officer San Bravo Karimi told the Committee of the Whole the district spent $1.1 billion more than revenues last year and projects multi-year deficits that could deplete reserves without savings from the Fiscal Stabilization Plan; community town halls emphasized plain-language materials, translated resources, and protection of student-centered programs.
Los Angeles Unified’s chief financial officer presented a multi-year forecast on Nov. 4 showing the district spent about $1.1 billion more than it collected last school year and faces projected annual shortfalls that could exhaust reserves and lead to a negative ending balance in the 2027–28 projection if no further savings are realized.
"Last school year our expenditures exceeded revenues by $1.1 billion," San Bravo Karimi said in the committee presentation, calling the trend “unsustainable” without additional actions. He showed a multi-year scenario that, before the district's Fiscal Stabilization Plan (FSP) or special reserves (Fund 17) are applied, would leave the district with a projected negative unassigned general fund balance of about $1.5…
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