Hey, while we’re on the unpleasant topic of money and budgets, this little nugget of information came to light today: The San Carlos School District announced on its website this morning that it will be forced to cut $1.4M from the 2010-11 school year budget, with the likelihood that these cuts will extend into the following school year as well. That’s a BIG ouch. While it’s no secret that budget cuts were coming (even with the passage of Measure B) the amount of $1.4M is far greater than the board anticipated…and may likely come with some unpleasant downsides.
According to the SCSD website, there are four contributing factors to the latest budget crisis:
- Additional cuts from the State of California.
- Lower enrollment than was projected when the budget was approved in June.
- Slightly higher staffing costs.
- Accounting error during the budget process.
The “accounting error” is discussed in much greater detail on the District website, so I won’t do it any injustice by trying to explain it here. But it’s worth noting that this “error” accounts for $900K of the projected $1.4M shortfall. That’s no small error.
The District is taking immediate steps to cut costs, both in the current school year and for next year’s projections. This includes possible “targeted staff reductions” which is something they desperately hoped to avoid with the passage of Measure B. But it’s hard to see how that’s not going to happen now.
For those of you who are vehemently opposed to increased taxes of any kind, be forewarned that there will be a renewed interest in extending Measure D, the initial School Parcel Tax that was the predecessor to Measure B. There will likely be more information to come out of the district in the coming months, but one thing is clear — this is a BIG deal, and we haven’t seen the other shoe drop yet.
For more information, check out the full story on the District website: San Carlos School District website.
11/5 Update: Additional news coverage.
Here’s an article in the Daily Journal that picks up a bit more detail on the situation:
(Thanks to blog reader Tom Jones for the tip on this story)
Welcome to to the White Oaks Blog — the most widely read blog dedicated to the San Carlos real estate market! Have blog updates sent to you automatically by subscribing for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog.
Don’t miss a single update!