By Richard Bammer
Gov. Jerry Brown’s so-called “May revise” state budget likely will affect local governments across California, but, in the meantime, Vacaville Unified, according to the school district’s chief business officer, will be able to pay its bills this year and for the next two, through 2017.
Speaking Thursday during a governing board meeting, Jane Shamieh updated trustees on the district’s second interim budget for the 2014-15 year, a routine matter required by state law.
Using a computer-aided slide presentation, she noted some $2.7 million more in expenditures have been tacked onto the budget that trustees adopted last year, raising expenses to $91.3 million, a 3 percent increase.
Shamieh pointed out that expenses will exceed revenues, resulting in “deficit spending,” but an ending balance and “carry over” money of $9.7 million places the district in “healthy” fiscal territory.