The Sacramento City Unified School District is in the midst of a financial “crisis,” according to a warning from a state oversight agency, which found the district’s budget shortfalls could be larger than once anticipated at nearly $125 million by 2028.
In a report to the school board on Thursday, the CEO of the Fiscal Crisis and Management Assistance Team (FCMAT), a state-created oversight and support agency, gave the school board an update on the findings that have the district at a high fiscal solvency risk level.
The findings echo many of the same concerns raised in a similar review conducted more than seven years ago…