Lodinews.com

default avatar
Welcome to the site! Login or Signup below.
|
||
Logout|My Dashboard

Galt elementary school district on firmer financial ground as state revenue rises

Print
Font Size:
Default font size
Larger font size

Posted: Tuesday, June 18, 2013 12:00 am

Galt Joint Union Elementary School District is among districts in California that have stabilized their budgets enough to receive a clean bill of fiscal health from California education officials.

The state requires districts to demonstrate that they have enough money to meet their financial obligations for the current fiscal year, as well as two subsequent fiscal years.

As the state budget and economy improve, districts are counting on more money in the future, helping to balance their books over the next few years.

The Legislature’s adoption last week of the main budget bill should give districts more confidence that they can count on that money in the future. At the same time, Brown’s plan to overhaul the education funding system provides districts more control over their budgets.

More than half of school districts that received an early warning of fiscal problems last year are no longer in fiscal danger, according to a California Department of Education report.

The Galt elementary district is among those moved off the early-warning list.

Galt Joint Union High School District, however, is still in financial peril, receiving a “qualified” warning. That means the district may not be able to pay its bills over three consecutive fiscal years.

The number of at-risk districts spiked in previous years as tax revenue plummeted and the state slashed funding for schools. The nonpartisan Legislative Analyst’s Office observed that state funding uncertainty made it difficult for districts to show that they could balance their books two years out.

In the 2006-07 school year, only 22 California school districts made the roster of the financially troubled. Last year that number had exploded to 188. This year only 92 are on the list.

The Associated Press contributed to this story.

More about

More about

More about

Rules of Conduct

  • 1 Use your real name. You must register with your full first and last name before you can comment. (And don't pretend you're someone else.)
  • 2 Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually oriented language.
  • 3 Don't threaten. Threats of harming another person will not be tolerated.
  • 4 Be truthful. Don't lie about anyone or anything. Don't post unsubstantiated allegations, rumors or gossip that could harm the reputation of a person, company or organization.
  • 5 Be nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 6 Stay on topic. Make sure your comments are about the story. Don't insult each other.
  • 7 Tell us if the discussion is getting out of hand. Use the 'Report' link on each comment to let us know of abusive posts.
  • 8 Share what you know, and ask about what you don't.

Welcome to the discussion.

Video

Popular Stories

Poll

Should graduations return to the Grape Bowl?

Lodi Unified leaders are moving Lodi and Tokay high school graduations from the Grape Bowl to the Spanos Center at UOP in Stockton. They cite limited seating, costs and unpredictable weather at the Grape Bowl. But others say graduations at the Grape Bowl are an important Lodi tradition, and one reason many supported renovating the stadium. What do you think?

Total Votes: 80

Loading…

Mailing List

Subscribe to a mailing list to have daily news sent directly to your inbox.

  • Breaking News

    Would you like to receive breaking news alerts? Sign up now!

  • News Updates

    Would you like to receive our daily news headlines? Sign up now!

  • Sports Updates

    Would you like to receive our daily sports headlines? Sign up now!

Manage Your Lists