Search: -05, 06/29/2017

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Press release

Sacramento 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 Sacramento 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.

Press release

Sacramento City Unified Board of Education approves 2017-18 school district budget, faces future budget deficits
District reserves will cover current budget spending but state-mandated increases in PERS/STRS contributions and a large other post-employment benefits (OPEB) unfunded liability totaling over $621 million will require the district to reduce spending in fu

SACRAMENTO, CA – On Wednesday night, the Sacramento 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.