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Pacific Grove Unified adopts 2026–27 budget projecting $603,000 operating deficit, keeps strong reserves
Summary
The board approved the 2026–27 district budget, which projects roughly $50 million in revenues, $50.4 million in expenditures and an operating deficit of about $603,000 while maintaining reserves above 3% (shown at 8.3%). Enrollment is projected at 1,680. The vote was unanimous, 4–0.
Assistant Superintendent Jorn summarized the proposed 2026–27 general fund and all other funds. The budget projects total revenues just over $50,000,000, total expenditures of about $50,400,000 and a projected operating deficit of approximately $603,000 (broken out as a $404,000 unrestricted deficit and a $199,000 restricted deficit). Jorn said the district expects to maintain reserves above the 3% minimum and showed a projected reserve of about 8.3% in the packet.
Jorn noted projected enrollment of 1,680 students, a net change of minus 14 students from the prior year, and described the inclusion of negotiated salary and benefit increases from the district’s multiyear agreements. He said the district is still working through impacts from a CSEA classification and compensation study; any budget impacts from completed negotiations will be brought back under required AB 1200 disclosures and addressed in the October budget revision.
Trustee Wax moved to adopt the 2026–27 combined budget; Trustee Hazen seconded. The motion passed unanimously, 4–0.
The board discussed that staff will continue to monitor the 45‑day state budget revision and provide the October revision to the board if adjustments are required.
