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Marin County Office of Education board approves 2nd interim financial report amid public budget concerns
Summary
The Marin County Office of Education board approved its 2nd interim financial report after a staff presentation that highlighted fiscal uncertainty — including that about "only approximately about 7%" of revenue is federal — and after public comments warning of project-related liabilities and equity concerns.
The Marin County Office of Education board voted to approve its 2nd interim financial report after a staff presentation outlining the office's fiscal outlook and a period of public comment raising financial and equity concerns.
Bree Brown, the staff presenter for the Marin County Office of Education, told trustees that "only approximately about 7% of our budget is based on federal revenues," and cautioned that uncertainty at the federal level makes revenue projections less certain. Brown also described how county offices treat property taxes differently from school districts, saying excess property taxes are returned to the state rather than retained locally.
Trustee moved to approve the 2nd interim financial report and a colleague seconded the motion; the board approved the motion by voice vote. At the hearing several members of the public urged caution, citing possible future federal cuts, the potential financial exposure from the Oak Hill project and concerns about equity and program spending.
The presentation outlined the budget calendar: the governor's May revise (statutorily due around May 14), a June 10 set of budget hearings and final budget adoption on June 24. Brown said unaudited actuals for the fiscal year will follow in October and that staff would follow up with specific stabilization-fund draw projections at trustees' request.
