The Santa Barbara School Board voted unanimously to approve the district’s final budget for the 2006-07 school year. Thanks to some late-June equalization funding signed into effect by Governor Arnold Schwarzenegger, the budgets for both the elementary and high school districts narrowly came out in the black. Factoring in a 3 percent reserve safety net, the high school district came in with $1.3 million to spare, while the enrollment-challenged elementary district just squeaked by with $7,600 wiggle room. According to district financial gurus, more money will be required to keep schools running smoothly next year, so the August 8 board meeting has been tabbed as the time and place for boardmembers to suggest budget additions and, more importantly, reductions, specifically from the hard-hit elementary district.
SCHOOL DISTRICT NUMBER CRUNCHING
Originally published 12:00 p.m., July 20, 2006
Updated 11:08 a.m., August 10, 2006
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