The City’s School district can stop holding its breath for a minute because it was granted the other half of its $24 million rainy day reserve funds on Wednesday.
After an evaluation about how the district was spending the reserve money — by mostly to replenishing staffing costs — Supervisor John Avalos said he was happy to save the teachers with the $12.3 million.
The district relied on the funds to patch the hole of its $30 million deficit this year that already led to penny-pinching, but it faces another $31 million deficit next year and the rainy day funds have dwindled to about $12 million.
If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/
Find out more at www.sfexaminer.com/join/
