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ASD transportation fund faces multimillion‑dollar shortfall; Reliant contract and fleet options under review
Summary
District staff told the finance committee the transportation fund ended FY24 with about a $1.5 million shortfall and projects a roughly $2.7 million deficit for FY25. Causes cited included lower enrollment, increased contract costs, timing of a city master lease for buses, and rising driver wages tied to minimum‑wage changes.
The Anchorage School District is projecting a multi‑million‑dollar shortfall in its transportation fund and is preparing negotiations and policy decisions to address the gap, officials told the Anchorage School Board Finance Committee on Thursday.
Andy Rallis, the district’s chief financial officer, said the transportation fund closed FY24 with approximately a $1.5 million deficit largely caused by timing of a master lease for buses and lower enrollment that reduced state per‑student transportation payments. "We ended FY24 with about a 1.5 million dollar deficit shown," Rallis said, noting the district had received buses before the master lease was finalized and the related revenue posted across fiscal years.
For FY25 the district projects a roughly $2.7 million shortfall that is baked into…
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