Search: -0601, Press Releases, 06/29/2017
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Â鶹ÊÓƵ City Unified Board of Education approves 2017-18 school district budget, faces future budget deficits
District reserves will cover current budget but state-mandated PERS/STRS contribution increases and a $621 million other post-employment benefits (OPEB) unfunded liability will require district to reduce spending in future years
SACRAMENTO, CA – On Wednesday night, the Â鶹ÊÓƵ City Unified Board of Education unanimously approved a $566.99 million budget at a special meeting of the board. While current revenues are sufficient to cover spending for the 2017-18 fiscal year, budget staff warned that spending in future years will need to be reduced in order to avoid fiscal trouble.