Farmington Board of Ed revises 2024 budget amid decline in state and federal revenue

The Farmington Public Schools Board of Education has approved a significant budget amendment during their regular meeting on January 21, 2025, addressing various financial challenges and adjustments for the current fiscal year. The revised budget reflects a total revenue of approximately $177.8 million and expenditures of about $176.7 million, resulting in a surplus of $1.1 million.

Key changes in the budget stem from a lack of anticipated state funding increases and lower-than-expected student enrollment. Originally, the budget included a $200 per pupil increase, which was not realized due to delays in state budget approvals. Additionally, the district faced a decrease in local tuition revenue, primarily from early childhood programs, amounting to $537,000. However, an increase in funding from the Great Start Readiness Program has partially offset these losses.

The board also noted a significant reduction in federal revenue, with a net decrease of about $1 million across various Title funds. This decline is attributed to the completion of ESSER funding, which had previously supported pandemic-related expenses. Despite these challenges, the district has seen an increase in special education funding by $700,000, reflecting the rising costs associated with classroom and transportation services.

Looking ahead, the board is preparing for potential changes in state funding, particularly concerning the foundation allowance and mental health resources. The upcoming governor's budget release on February 6 is anticipated to provide further clarity on financial support for schools. The board emphasized the importance of strategic planning and budget forecasting for the next several years to ensure the district's financial stability and continued support for educational programs.

As the district navigates these financial adjustments, it remains committed to evaluating instructional priorities and enhancing equity and innovation within its schools.