Did you know??
Huge Reserve Leads to Shell Game
In 2014, Proposition 2 passed which created a state Rainy Day Fund to protect schools from financial downturns. When the Rainy Day Fund is full, districts must cap their reserve (savings) account at 10%. GUSD is at 29.7% and growing! Will GUSD do the right thing and invest in the classroom?
Big Reserves, Slighted Classrooms!
Despite its consistent projections of doom and gloom, the District has grown its total UNRESTRICTED Reserves by 23% since 2013-14, which is 2nd most in Santa Clara County behind Santa Clara Unified. Keep in mind that Santa Clara Unified's funding is bolstered by tax revenue generated by Levi Stadium. Read on to find out how GUSD UNRESTRICTED Reserves can reach 2nd place in the county.
When analyzing a budget it's easy to see what the priorities are just by looking at where the money is spent. In a school district that talks about supporting students and closing the achievement gap, one would expect the priority expenditures to be classroom focused. Not so in GUSD. The focus in on a savings account far away from any classroom.
Gilroy Birth Rates on the Rise!
Many districts, including GUSD, rely on a demographer to make projections for future school enrollment. While there are many factors to consider in regard to enrollment, GUSD has relied heavily on a single factor: Birth Rates. For several years birth rates in Gilroy were declining. According to the latest report, that is changing!