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Sunday, February 16, 2025

The news site of San Diego City College

City Times

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The news site of San Diego City College

City Times

Related Content
The news site of San Diego City College

City Times

Q: What do SDCCD students need to know about the current state budget and how it’s impacting them?

A: “In 2019 right before I arrived, the district’s reserves, or basically our ending fund balance of the year, was about 2.5% of our total annual expenses, and what few different organizations have evaluated and said is a healthy financial level of reserves is about two months or 16.67%, so that’s how far below we were. And there is a state requirement that we have a 5% reserve.”

“So that reserve is our stability factor. … We’ll be reviewing our budget for the 24-25 year. It’s over 17%, so we have restored up to a little in excess of what the experts tell us is a healthy reserve. So that means that as the state goes through these economic fluctuations, we don’t have to make knee-jerk reactions.”

“At the statewide level, the bad news is revenues are down and depending on if you look at the governor’s office or the legislative analyst’s office, that number has ranged between $20 billion and $70 billion in fewer tax revenues than what they had projected when they built the budget. The good news in all of that is the budget that the legislature brought forward, the governor signed, did not cut K-12 and community college funding.”

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Q: What do SDCCD students need to know about the current state budget and how it’s impacting them?