By Richard Bammer
Fairfield-Suisun Unified leaders, when they meet Thursday, will hear about the district’s financial status when hear about the first interim budget report for the 2017-18 academic year and, later in the governing board meeting, budget priorities.
Laneia Grindle, the district’s director of fiscal services, will tell the governing board that revenues are projected to be $214 million, with expenses expected to top nearly $230 million, resulting in $14 million in deficit spending and an ending fund balance of $4.6 million.
For the 2018-19 and 2019-20 years, expenses are projected to be $227 million and $234 million, respectively, relatively flat growth that will come as the districts faces increased costs for employee pensions for several future years and as the Fairfield-Suisun Unified Teachers Association clamors for increased wages.
Source: Budget report, priorities on Fairfield-Suisun school agenda