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Pasadena Unified certifies first interim budget, signals ongoing cuts under fiscal stabilization plan
Summary
The Pasadena Unified School District board certified its first interim financial report for 2025–26 and affirmed implementation of the fiscal stabilization plan adopted Nov. 20, 2024. Trustees pressed staff for follow-up details on liabilities, enrollment assumptions and fire-related revenues as the district prepares further budget work in spring.
The Pasadena Unified School District Board of Education voted to certify its first interim financial report for the 2025–26 school year, endorsing the fiscal stabilization plan the board approved in November.
The district’s chief budget officer, Dr. Canal, told trustees the first interim reflects fire-related revenues and higher 2024–25 ending balances that materially changed the district’s projection. He said the report assumes the fiscal stabilization plan is implemented and that, with those assumptions, the district can meet its financial obligations in 2025–26 through 2027–28. He highlighted a projected transfer from Fund 17 that was removed from the current-year plan…
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