Santa Monica-Malibu Schools Face Deficits, Despite Positive Financial Certification
Update: 2025-12-17
Description
The Santa Monica-Malibu Unified School District faces projected deficits of $10.9 million this year, $6.4 million next year, and $7.3 million the year after. Despite these projections, the district received a positive financial certification from Los Angeles County education officials. The certification is due to stabilizing enrollment and careful financial management. Enrollment has remained steady at 8,520 students, a significant improvement from previous years. The main cause of the deficits is rising employee healthcare benefits costs, which are expected to increase by 7% annually. The districts financial reserves are at 21.31% of expenditures, below recommended levels. Positive revenue adjustments include increased Redevelopment Agency funds and higher-than-expected property tax collections. The next budget review is scheduled for March 2026.
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