WEST BURBANK — Despite reduced state education funding, the Burbank Unified school board on Thursday approved a budget that is expected to end $400,000 in the black three years out.
State law requires school districts to submit balanced budgets every year for three consecutive years, and while other districts are still projecting deficits that far out, Burbank Unified projects ending 2012-13 in the black by about $400,000.
"Being able to preserve capital and roll that forward to offset losses was huge," said interim Deputy Supt. Lori Ordway-Peck. "As long as the state doesn't do anything to us, we stick to our plan and stay disciplined, we'll be in a place that's much better than a month ago."
The budget rests on the May revision to the state budget, which preserved $2 million in cuts to Burbank Unified, officials said.
"Until the state adopts its budget, or if they do something really creative, which they've done in the past … I think we will just barely be OK in the third year out," Ordway-Peck said. "The reason for that is, we did a lot of things right."