School districts hang on to spending reserves
Local officials cite limits on money, the need for an emergency cushion
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- School district 2010-11 reserves at a glance
Lodi Unified School District: $57 million, or 23 percent of the district's annual budget
Galt Joint Union High School District: $2.7 million, or 20 percent
Galt Joint Union Elementary School District: $3.7 million, or 13 percent
— Jennifer Bonnett
Posted: Thursday, May 3, 2012 12:00 am
On paper, some local school districts' reserves appear flush with money while layoffs and other cuts continue.
For the last several years, area school boards have reduced staff, increased class sizes and eliminated elective courses — and seem poised to do so again this spring — all the while packing their savings accounts with rainy-day funds.
Thursday, May 3, 2012 12:00 am.