SAN FRANCISCO (BCN) – As the San Francisco Unified School District faces a growing budget deficit, district officials and the Board of Education said on Tuesday they were continuing to work on a plan to balance the budget , which is expected to be reviewed by the Ministry of Education next month.
In October, the district revealed that it was facing a projected deficit of $ 100 million for the 2022-2023 fiscal year and had been tasked by the California Department of Education to come up with a balancing plan by the 15th. December and a final balanced budget due by June 2022.
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District officials told the Education Council meeting on Tuesday that the projected budget deficit is now estimated at $ 125 million and is expected to continue to worsen in subsequent years, based on the multi-year projections of the district.
The district said it would adopt a “zero-based budgeting process” plan that could result in budget cuts but with minimal effect on students.
As the budget plan continues to be developed, district officials will hold several public meetings to discuss the plan, which are expected to take place later this month and early December. Council commissioners will then vote on a plan at the December 14 council meeting, one day before the deadline to submit the plan to state officials for review.
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To help the district identify ways to cut the budget and advise the district on financial matters, state superintendent of public education Tony Thurmond has appointed tax expert Elliott Duchon, officials said. of the district.
“The magnitude of this challenge warrants a strategic, priority-based approach and we are working diligently with our community, tax experts and the SF Education Council to plan,” said SFUSD Superintendent Vincent Matthews, in a statement.
“Ensuring that the district can fulfill its mission while remaining financially stable is our top priority as a board of directors,” said Gabriela Lopez, chair of the SF board.
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