Los Gatos-Saratoga high school district facing $3.2 million deficit

"According to the presentation, a 5% raise for non-management staff that was approved in June was a factor in accruing a $3.2 million defecit. Employees under the District Teachers' Association and California School Employees Association negotiated a 5% raise, and management employees were granted a 2% raise. This is the first time that these expenses were incorporated into the budget, a $2.4 million increase in personnel costs, which make up 81% of budgeted general fund expenditures."

"In its adopted budget, the school district initially prepared for a balanced budget of about $84.7 million in revenue and around $82 million in expenditures. However, by the first interim update, the district was expected to earn $86 million in revenue and spend the same amount. The district initially planned to transfer around $2.68 million to other funds, but that figure is projected to increase to almost $3.3 million this fiscal yea"

The Los Gatos-Saratoga Union High School District is facing a $3.2 million deficit this fiscal year. A 5% raise for bargaining-unit employees and a 2% raise for management increased personnel costs by $2.4 million, which represent 81% of general fund expenditures. Certificated administrator salary expenses rose 8.1% due to a long-term substitute administrator and separation payments for the former superintendent despite some administrative reorganization savings. The district originally budgeted roughly $84.7 million in revenue and $82 million in expenditures, then projected $86 million in revenue and expenditures by the first interim update, and plans for larger transfers to other funds.

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