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Tacoma Public Schools projects tens of millions shortfall; dozens of staff displaced
Summary
District finance director told the school board the general fund is forecast to end the year below targeted reserves; a staffing update said 107 certificated and 132 education support professionals have been displaced so far.
Kari Kapman, the district director of strategic financial operations, told the Tacoma School District board at its June business meeting that the district is projecting a budget gap driven by lower revenues and higher expenses.
“We have a total of about $706,000,000 that we manage through that, of which $578,000,000 goes through our general fund,” Kapman said. She told the board projected revenues for the year are $564 million — about $14 million below budget — while projected expenditures are about $579 million, roughly $6 million over budget. Kapman said the district’s board-directed reserve level of 5 percent is expected to fall to near zero at year end.
The shortfall is the latest step in a multi-year financial squeeze the…
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