The district leaders are fiscal stewards who must follow the law and ensure the district remains fiscally solvent, but also that it retains the financial ability to provide programs to lift up our neediest students and afford them maximum opportunity.
In fact, as part of the regular reviews my staff performed of the district’s financial reports over the last few months, we have repeatedly warned that the current improvement in the district’s fiscal position is likely to be temporary. Even with no increases in employee compensation, significant cost growth and revenue losses resulting from enrollment declines will eventually threaten the district’s fiscal solvency.