Lagunitas School District’s trustees approved a qualified interim budget for the current school year, meaning the board is unsure the district can meet its financial obligations in the next three years, including state-mandated reserve benchmarks. The district suffers from a structural deficit; a budget update presented to the board last week showed this year’s projected deficit topping $200,000. “On Thursday night, when the Board of Trustees approved our interim budget, a critical piece of information became clear: If we continue to spend as we have for the last few years, we will not meet our legal reserve requirement three years from now,” John Carroll, the superintendent, wrote in an email to the community. The district will create a special finance committee to tackle the deficit. At a board meeting on Dec. 11, there will be a “preliminary discussion with that committee about the process they will adopt to decide on what spending reductions and other changes would be most reasonable,” Mr. Carroll said.