BENICIA — Even as the school board approved the district’s latest budget Thursday, its chief business officer warned that members must closely watch the state’s fiscal health.
“We don’t have that extra reserve to weather the ups and downs of state funding, so we’re going to have to really monitor state funding a lot closer and really hope that this is the start of California getting back to its feet,” Tim Rahill said.
Rahill presented a slide that showed the Benicia Unified School District’s massive reserve of about $9 million in 2008, dwindling to just the mandated state and board reserve of about $3 million by the 2014-2015 fiscal year.