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As the Oakland School Unified District celebrates its projected departure from state oversight this summer, the district’s chief budget officer has warned that the district could be at risk of slipping back into receivership if it doesn’t make major spending changes.
Lisa Grant-Dawson told the school board on Wednesday that the district could dip below its state-mandated reserve funding by 2027 as it looks to spend more than it brings in this year, and over the next two.
The announcement comes after five years of OUSD building up that rainy day fund, and as the district prepares to make its final loan payment to the state, more than 20 years after declaring bankruptcy this month…