Schools No Longer Running Deficit

The classrooms are overflowing, students and teachers are saddled with furlough days, and future budget projections are precariously uncertain. A small ray of light poked through the Santa Barbara school district’s fiscal horizon, however, when the head of business services, Meg Jetté, announced at the last board meeting that the schools are no longer running a deficit. The actual 2011-2012 ending general fund balance was $7,037,572. The district superseded its state-mandated 3 percent reserve by 2 percent.

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