PROP 30 ENABLES POSITIVE BUDGET REPORT 12/7/12 7:30a DMF

THE PAJARO VALLEY UNIFIED SCHOOL DISTRICT WILL BE BLE TO SUBMIT A POSITIVE FIRST INTERIM BUDGET REPORT. THANKS TO THE PASSAGE OF PROPOSITION 30 (WHICH WILL RAISE PERSONAL INCOME TAXES ON WEALTHY CALIFORNIANS,) THE DISTRICT CAN MEET ITS FINANCIAL OBLIGATIONS OVER THE NEXT THREE YEARS. ACCORDING TO THE DISTRICTS CHIEF BUSINESS OFFICER BRETT MCFADDEN THE DISTRICT WILL NOT HAVE TO MAKE MORE THAN 7$ MILLION IN CUTS THIS YEAR, MEANING THE 7$ MILLION SET ASIDE IN CASE PROPOSITION 30 DID NOT PASS WILL GO BACK TO THE DISTRICT’S GENERAL FUND.