The San Diego Unified School District Board of Education voted unanimously on March 11, 2025 to positively certify the Second Interim Financial Report for the 2025-26 budget. Interim Superintendent Dr. Fabi Bagula’s Administration outlined a strategy to ensure the District is able to take a clear and responsible path to meeting all its financial obligations for the 2025-26 budget.
Highlights of the strategy presented include eliminating the remainder of the projected deficit, increased revenue projections, limited to no layoffs, and an expected positive fund balance increase for 2024-25 of about $19 million in the District’s General Fund Unrestricted resources. With this strategy, the 2026-27 budget gap is also reduced from $210 million to $113.4 million, a 46% reduction.
As we work to balance the budget, we are committed to addressing it with transparency, collaboration and care. Our priority is to identify solutions that have the least impact on our classrooms, ensuring that we can continue to provide a high-quality education to every student. We see this budget gap as an opportunity to take a closer look at all aspects of our budget and align our resources more closely with our goals around student wellness, academic outcomes, and college and career readiness.