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Santa Monica Schools: $9.5M Deficit But Strong Reserves
Summary by Santa Monica Daily Press
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Santa Monica Schools: $9.5M Deficit But Strong Reserves
The Santa Monica-Malibu Unified School District expects to meet all its financial obligations for the current fiscal year and the subsequent two fiscal years despite a widening structural deficit, according to a budget report reviewed by the Board of Education last week.The district's Second Interim Budget, presented at a special board meeting March 11, projects approximately $153.3 million in total general fund revenue for the 2025-2026 fiscal …
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