TVUSD makes first post-COVID budget projections for next year, expects $24M drop in state funding

Temecula Valley Unified Director of Fiscal Services Nicole Lash describes a slide illustrating a projected decrease in state funding to TVUSD amid the coronavirus pandemic crisis via Zoom on May 19.
The Temecula Valley Unified School District heard a presentation May 19 from staff on the district’s budget outlook following the announcement of Gov. Gavin Newsom’s May budget revision earlier this month — and while TVUSD is in a better financial position than some school districts, the future appears for the moment to be anything but rosy.Nicole Lash, TVUSD’s director of fiscal services, appeared before the board to offer what she described as her “quick and dirty calculations” on what the governor’s May revision budget means for the district. However, Lash cautioned board members that not only was she making estimates based on very recent information, but the state is also in little position to make accurate assumptions about the coming fiscal year’s budget.The p
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