Posts tagged debt
San Francisco set to approve millions in raises while facing deficit
January 5, 2024 // The San Francisco Unified School District is set to approve raises for its non-unionized employees amidst projected deficits of hundreds of millions of dollars for the upcoming fiscal years. The school district in December announced it had approved "historic" raises for its unionized employees. Now, the school board has been recommended it approve the same raises for its non-unionized employees at its Jan. 9 board meeting, according to reports. The across-the-board raises for all employees are budgeted to cost $88 million in 2024. The district is estimating a deficit of $194.4 million for the upcoming fiscal year of 2024-25 and a $420.5 million deficit for the fiscal year 2025-26.