April Advisory Board Meeting Clarification

April Advisory Board Meeting Clarification
Posted on 05/01/2021
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We understand there has been some confusion about the financial updates shared at Tuesday’s board meeting.  
The $8M deficit reported on Tuesday represents the deficit for the most recently audited fiscal year: school year 2019-2020.  
The $40M deficit referenced during school closure discussions represents the projected deficit for upcoming fiscal year: school year 2021-2022.  
As always, budget projections for the upcoming fiscal year are used to drive responsible action and develop a balanced budget.
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