Statement from Supt. King on Budget for Current Year and Next

March 8, 2016
 
The Second Interim Financial Report released today shows L.A. Unified to be in a stable position. I am cautiously optimistic that the District’s financial outlook will continue to improve. We have a balanced budget for this year and next.

Thanks to improvements in attendance and participation in our, “More than a Meal” campaign, we estimate we will generate an additional $60 million in revenue over the next three years. Attending class and eating well-balanced meals are keys to academic success, and I urge our L.A. Unified families to encourage our students to stay in school.

Because of the hard work we’ve done, the District will not be sending layoff notices this year to teachers and Health and Human Services employees. This means we will have less money for new initiatives and will need to prioritize our investments to support classrooms.

We need to remain diligent as we address structural challenges such as declining enrollment and increasing fixed costs. We will work together in the upcoming months to address all of these issues.

At the same time, we must continue to advocate for adequate funding from the state to ensure that we have the revenue we need to provide a teaching and learning environment that allows all students to succeed.

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Contact: Shannon Haber (213) 241-6766