Last night, the Oakland Unified Board of Education heard a series of reports on the district’s finances. Overall, the district’s finances have moved in the right direction, but are still far from being on solid footing.
It has been a really difficult time in Oakland education, with the current budget crisis having real impacts on both students and adults. I am writing to share a quick update on immediate issues
This blog post is part of our continuing efforts to keep you in the loop about OUSD’s alarming mid-year budget adjustments. As we discussed previously, the district is at great risk of state intervention unless we make serious changes both in the short and long term.
So the most immediate questions for the district are: What is the final number? How disruptive will the adjustments be? And will it be enough?
In order to balance its books this year, OUSD will have to make some mid-year adjustments to the budget it adopted last June.
The current plan proposed in OUSD’s budget presentation for tonight’s school board meeting is to amend the current budget by $7.2 million. Of that amount, $1.2 million would be to bring the required reserve levels to the state minimum.