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Natomas Unified hears governor's January budget preview; trustees warned of longer-term shortfalls
Summary
Deputy Superintendent Bill Young told the board the governor's January proposal shows a near-term revenue improvement but longer-term state shortfalls that could affect district finances; trustees were asked to monitor the May revise and federal policy shifts.
Deputy Superintendent Bill Young briefed the board on the governor's January budget preview and what it could mean for Natomas Unified's budgets, emphasizing both a current-year revenue uptick and potential future shortfalls. He said the state's Prop 98 funding was proposed at roughly 117,600,000,000 and that the projected cost-of-living adjustment (COLA) used in district planning may fall from about 2.93% to roughly 2.43%, with the possibility of a one-time "super COLA" if surplus funds are available.
"The anticipated current year revenues will surpass projections by 16,500,000,000," Bill Young said during the presentation, noting that wildfire-related costs, federal funding changes and market volatility create uncertainty for the May revise. Trustees asked staff to continue reporting updates as state and federal circumstances evolve; staff also noted certain one-time state proposals (literacy, expanded-learning grants, universal meals supports) that could benefit district programs if they survive final budget action. The presentation underscored the district's need to plan conservatively for possible multi-year deficits and to preserve contingency reserves.
