The district raised its financial reserves from 3% to 6% between July 1 and October 31 thanks to a reduction in costs and other expenditures. This will enable the district to: (1) redirect additional financial resources to its high schools, (2) place full-time college & career specialists at its five comprehensive campuses, (3) hire additional staff at the district office, and (4) fund math and English language textbook adoptions in the same fiscal year.
Most exciting of all, the district plans to establish an irrevocable trust to fund post employment benefits like health care and increases in retirement costs for employees in the State Teacher Retirement System (STRS) and the Public Employees' Retirement System (PERS).
Most exciting of all, the district plans to establish an irrevocable trust to fund post employment benefits like health care and increases in retirement costs for employees in the State Teacher Retirement System (STRS) and the Public Employees' Retirement System (PERS).