The William S. Hart Union High School District Governing Board will address the district’s deficit spending in a special budget study session on Tuesday, Oct. 29, starting at 8:15 a.m.
Hart District Chief Financial Officer Ralph Peschek will speak at the meeting, a budget study session during which staff will review current and multiyear budget projections with the Board and discuss budget priorities and deficit spending for the 2020/21 and subsequent fiscal years.
The District’s annual general fund budget is currently approximately $248 million. Based on current budget projections, all of those funds are earmarked.
“Due to ongoing commitments and extraordinary increases to health and welfare and retirement fund contributions, the District is experiencing annual deficit spending,” the meeting agenda reads. “Annual deficit spending is rapidly depleting District reserves.
The meeting will take place at the Administrative Center, 21380 Centre Pointe Parkway, Santa Clarita 91350.
The full Oct. 29 meeting agenda can be viewed here.