The San Francisco school board race is heating up, and amid the usual parade of endorsements and platitudes, one question is cutting through the noise: Should SFUSD dip into its budget reserves?
It's a deceptively simple question that reveals everything about how a candidate thinks about fiscal responsibility. Budget reserves exist for a reason — they're the financial equivalent of a fire extinguisher. You don't crack it open because you're cold. You crack it open when the building is on fire.
SFUSD, as we've documented extensively, has been a masterclass in fiscal mismanagement for years. The district has lurched from budget crisis to budget crisis, hemorrhaging enrollment, and somehow still managing to find money for administrative bloat while classrooms crumble. Against that backdrop, the temptation to raid reserves is understandable — but it's the wrong answer.
What makes this race interesting is the fracture lines it's exposing. Virginia Cheung, who secured the coveted San Francisco teachers union endorsement, has actually diverged from the union's position on reserves. Say what you will about the politics of union endorsements, but a candidate willing to break with their biggest backer on a core fiscal question at least signals some independence of thought. That's more than we usually get in SF school board politics, where candidates typically function as rubber stamps for whoever funded their campaign mailers.
Here's the bottom line: SFUSD doesn't have a revenue problem. It has a priorities problem. The district receives roughly $16,000 per student annually — well above the state average — and still can't keep the lights on without eyeing the emergency fund. Dipping into reserves without a credible plan to restructure spending is just kicking the can down the road, and SF kids deserve better than that.
Voters should be asking every candidate not just whether they'd touch reserves, but what structural reforms they'd demand first. Anything less is just writing checks our kids will have to cash.

