Last week the school board issued a statement regarding the La Cañada district's financial future. That statement followed board action approving the budget for next year, which reflects a cut of $400 per student from the state, loss of federal stimulus funds, the release of 19 teachers, and the draw-down of $2.3 million in reserves to cover the amount by which expenses are projected to exceed revenue.
Realistically, the only option available to us for the upcoming year is to rely on financial support from the community that would allow reinstatement of the teachers let go, in order to maintain class size at about current levels. That would take approximately $2 million (same amount raised last year). The recommended donation from school and community families and local businesses remains at $2,500. Even if the community generates $2 million in donations, the district will have to draw down on its reserves by $2.3 million.