Oakland Unified School District is facing a budget deficit of at least $23 million for the upcoming 2024-2025 school year.
Given the expected shortfall, OUSD leaders are now working to take steps to try to cut costs and balance the budget.
The OUSD school board discussed the monetary issues at its meeting Wednesday.
At that meeting, the district’s superintendent spoke about OUSD’s commitment to balancing its budget.
MORE: Oakland Unified faces tough budget decisions for future school years with $33 million shortfall
Specifically, she spoke about the need for fiscal responsibility, while also keeping up learning standards for students.
“The attachment and recommendations are focused on maintaining fiscal solvency, which is always a non-negotiable for any organization. And freeing up resources to invest in quality, staff retention and deeper school investments,” said OUSD Superintendent Kyla Johnson-Trammell.
The district says a significant pay raise to teachers, declining enrollment, as well as the rising costs of transportation, healthcare and pensions have all contributed to the current financial situation.