Bridgeport Public Schools is facing significant financial challenges as it navigates the aftermath of expiring COVID-19 funding. During a Finance Committee meeting on January 2, 2024, officials outlined a plan to address a projected $10.3 million budget shortfall, primarily through personnel downsizing and operational savings.
The committee emphasized that while administrative positions will be affected, essential services for students, particularly in special education, will remain intact. Superintendent and financial officers reported that they have already implemented $3.5 million in operational savings and are confident in achieving this target by the end of the fiscal year on June 30.
However, the urgency of the situation was clear, with officials stressing the need for the Board of Education to act swiftly on the proposed personnel cuts. Delays in decision-making could lead to further financial strain, potentially forcing the district to use next year's budget to cover current expenses, which is against state law.
The discussion also highlighted the complexities of the budget, revealing that the district is projected to exceed its $309 million budget by an additional $6 million. This overage is attributed to various factors, including increased costs in special education and transportation, which are largely driven by state mandates that the district must follow without adequate funding.
Board members expressed concerns about the lack of transparency regarding the budget overruns and called for a detailed breakdown of the additional expenses. They emphasized the importance of accountability and the need to regain community trust as the district seeks to advocate for more funding.
Looking ahead, the committee plans to provide regular updates on budget cuts and savings, aiming to create a visual representation of progress towards their financial goals. The overarching goal remains clear: to minimize the impact of budget cuts on classroom services while ensuring the district operates within its means.