The San Dieguito High School District is at risk of running out of money.
The Board of Trustees last month agreed to plug multimillion-dollar deficits over the next three years by digging deeper into reserves. Those reserves are projected to shrink from about $13 million at the start of this month to less than $2 million on June 30, 2021.
The Coast News reported that the board spent little time talking about the district’s financial future at last month’s board meeting, when the budget was approved.
Board president Beth Hergescheimer told VOSD that increased retirement contributions mandated by the state put pressure on the budget. While district revenues have generally risen since 2012 to pre-recession levels, San Dieguito’s per-student funding remains below the state average.
At the same time, a June staff report cites new hires for special education and more.
Original published: 2018-07-11 20:54:59 Read the full San Diego News here
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