Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Finance topic
No spam. Unsubscribe anytime.
May Revision briefing: Arcadia Unified projects modest COLA gains, $1.3M three-year LCFF decrease, and a $3.3M net ongoing improvement
Summary
Finance staff briefed the board on the state May Revision's implications: a lower COLA (2.3%), estimated LCFF revenue reductions relative to January projections, one-time funding uncertainty, and a $3.3 million projected net ongoing improvement driven by the district's deficit-reduction plan.
District finance staff presented the May Revision (state budget update) and its effects on Arcadia Unified's 2025–26 budget. Staff said the administration used conservative planning assumptions because the May Revision contained one-time proposals and ongoing allocation decisions that remained subject to legislative negotiation and allocation methodology. The presentation noted a modest COLA (2.3%) and an aggregate $1.3 million decrease in LCFF revenue across three years compared with the January proposal.
Staff also reviewed programmatic and grant-level changes under discussion — for example, a proposed TK add-on adjustment, the Learning Recovery Emergency Block Grant, student-support block grants, and potential changes to Expanded Learning Opportunity Program (ELOP) funding. "That gets us to a projected net, increase in our general fund balance of $3,300,000," the presenter said, explaining that the district's deficit-reduction plan is the primary driver of the projected improvement.
Board members pressed for clarity on market assumptions, PERS and STRS trends, the state's Prop 98 reserve and potential timing of apportionments. Staff acknowledged risks including one-time funding reliance and possible deferred apportionments and said the district would update budget documents after the state enacts its final budget in July.
