Tahoe Truckee schools budget: Wednesday meeting to be covered live | SierraSun.com

Tahoe Truckee schools budget: Wednesday meeting to be covered live

TRUCKEE, Calif. and#8212; Under the shadow of the state’s estimated $20 billion budget gap, local school district trustees will again review budget reserve policies this week to determine if higher reserves are needed to maintain the district’s current academic programs.

Tahoe Truckee Unified School District Superintendent of Educational Services Dave Curry said most discussion Wednesday will center on the district’s budget for the 2010-11 school year, in preview of the district’s June 30 budget approval and eventual submission to the California Department of Education.

The primary issue this week, Curry said, centers on the district’s reserve funding goals. Currently, in the 2009-10 school year, the district’s reserves are at 12 percent. The board’s general policy is to recommend the district maintain a reserve for economic uncertainty in the range of 12 percent to 18 percent.

During a May 19 meeting, the board voiced concerns that the district’s basic aid status may be taken away at some point, considering the state’s woes, a situation where high reserves would be needed to compensate for a loss in property tax revenue.

District staff faced a deficit worth millions in the 2009-10 budgeting process due to slowing growth of local property tax revenues, which TTUSD relies heavily on as a basic aid district. In California, basic aid districts rely on much of their funding from local property taxes instead of from the state, as is the case in revenue limit districts.

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