On December 13, 2011, the California Department of Finance’s (DOF’s) released their revised revenue forecast for 2011-2012 which triggered automatic mid-year cuts for K-12 education. The DOF’s forecast was an improvement on the Legislative Analyst’s Office (LAO) November estimate. Under the provisions of the final state budget, K-12 faced up to $1.5 billion in mid-year cuts for 2011-2012. Based on the DOF’s estimates, K-12 will be cut by $79.6 million, which translates into an $800,000 cut to EGUSD or $13 per student. The mid-year cuts also include a 50 percent cut to school districts’ state transportation revenue allocation which is a $1.5 million reduction for EGUSD.
Despite these cuts, EGUSD will not reduce staff, shorten the school year, or reduce student transportation service below current levels for this school year. Budgeted funds will be reallocated to address mid-year cuts.
At the January 3, 2012 Board Meeting, Rich Fagan, associate superintendent of Finance and School Support, gave the following presentation to the Board.