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

"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 year."

"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."

Los Gatos-Saratoga Union High School District faces a $3.2 million deficit this fiscal year. The school board submitted a positive certification to the Santa Clara County Superintendent stating the district can meet obligations for the current year and the next two years. A 5% raise for District Teachers' Association and California School Employees Association members and a 2% raise for management added $2.4 million to personnel costs. Personnel costs now comprise 81% of the general fund. Certificated administrator salaries increased 8.1% due to a long-term substitute at Saratoga High and separation payments to the former superintendent. Initial adopted revenue was about $84.7 million; the first interim projects roughly $86 million in revenue and expenditures and higher transfers to other funds.

Read at The Mercury News