The district hopes the community will raise at least $2 million again to maintain current services and class sizes. To bridge the rest of the funding cuts, we intend to pull an additional $2.3 million out of reserves. However, at this rate, we will only last three years before we default.
We're telling you this now because we don't want anyone to be caught off guard. We have issued pink slips to 19 teachers in preparation for the worst. This is an incredibly challenging time for us, but there is hope.
The “What ifs”
If the community raises $2 million, the district will be able to retain current smaller class size for 2012-13.
Below $2 million, we will be forced to lay off staff, including teachers. Class sizes will go up. Additional cuts to programs may be necessary.
The closer we get to the roughly $4.3 million we need, the less we will need to draw from our reserves.
Assuming no increase in state and federal funding, we project that even with a sustained yearly community donation of $2 million, we will be insolvent by 2015-2016, and subject to being taken over by the state.
We are no longer maintaining our campuses in the manner we wish. We have deferred key site improvements and a “refresh” of our aging computer system. Janitorial staff and services have been cut back. We are running as lean as we possibly can.
For a more detailed breakout of our possible funding scenarios, visit www.lcfef.org/budgetchart. We have created a condensed version of our budget to help wade through the very complicated way that K-12 schools are funded in California.
What about the parcel tax?
The parcel tax has helped offset some of the cutting that began years ago. At $150, our parcel tax is well behind that of similar districts like San Marino, which currently levies a combined parcel tax of $1,150.