School District’s Reserves Ease Pain of Brown Cutback

Ari L. NoonanBreaking NewsLeave a Comment

Mr. Reynolds

Because Gov. Brown “thinks the economy is worse than other people do,” he has tentatively subtracted $1.3 million from the School District’s proposed funds for next school year, says Asst. Supt. Mike Reynolds.

However, Mr. Reynolds is optimistic.

“It looks much better than the governor is thinking,” he said. when Mr. Brown issues the final version of his budget in what is known as the May Revise.

Between March and May, does Mr. Reynolds, in charge of business services, make provisions for the potential subtraction.

“You have to deal with it on a worst-case basis,” he said. “We will have to really roll up our sleeves and do some work.”

No teacher/worker layoffs are anticipated.

Reason: “We still have extremely health reserves,” said Mr. Reynolds. “Even in a worst-case, we are able to draw from our reserves and avoid layoffs.”

The School District is assuming a conservative stance in financial planning.

“Basically, we are taking this one year at a time,” Mr. Reynolds said. “We are making sure that we position ourselves for worst-case while hoping for a better case.”

With $14 million in the School District’s Reserve Fund, “we are in really good shape,” says the always sunny looking assistant superintendent.

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