Righting the Ship
SSD is implementing a comprehensive plan, Righting the Ship, designed to address the District’s declining fund balance and reinforce the District’s commitment to student achievement. Following a thorough review of District operations and finances, conducted since Superintendent Dr. Michael Maclin took office in October 2023, the Righting the Ship plan aims to secure fiscal stability while ensuring that the District continues to meet the diverse needs of students across the county.
For the 2024-25 fiscal year, the District faces a projected $74 million budget deficit, driven by rising costs, a decrease in the state funding formula (expiration of the pandemic ADA provisions), a projected increase in expenditures, providing competitive compensation and benefits to our staff, and a need for sustainable operational efficiency. Due to the proactive measures SSD has taken as part of the Righting the Ship plan, the District has been able to reduce the current budget deficit from $74 million to $50 million. The plan will stabilize the District’s fund balance by 2028-29, resulting in an approximate fund balance of 30-35%, which is enough to cover the District’s expenses for four to five months. Without the corrective measures, the fund balance would be depleted by 2028-29.
"Our top priority remains ensuring the best possible educational experience for our students as we move forward with Righting the Ship. By making strategic adjustments now, we're building a stronger foundation for long-term sustainability and success in the future."Dr. Michael Maclin Superintendent
