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District says it remains solvent; ratified tentative HBEA agreements include 1.75% and $250 health cap increase
Summary
The district's 2nd interim report shows enrollment of 1,451 and a projected 21% reserve. Staff said they included labor settlements in multiyear projections — a 1.75% on‑schedule increase and a $250 increase to the health and welfare cap effective January 2027 — and stressed sensitivity to state budget deferrals and one‑time funding.
District finance staff presented the 2025–26 second interim and described how recent cost pressures and settlements affect multi‑year projections. “We settled on 1.75 and a $250 increase to benefits starting in January 2027,” the presenter said, and confirmed those figures are included in the multiyear projection. The presenter reported enrollment at 1,451 (January 2026) and a projected revenue reserve of about 21% while acknowledging revenue declines and some increased expenditures from settlements and staffing to cover leaves.
Board members discussed state budget uncertainty, including proposed changes to LCFF and potential Prop 98 deferrals. Staff noted that while the district remains physically solvent across the current year and two out years, they will continue to monitor expenditures and prioritize one‑time funds prior to expiry in June. The board approved the 2nd interim report and subsequent budget revisions as listed in the agenda.
