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CPS faces $35.5M gap in draft FY2026 budget; administration outlines cuts, task force work
Summary
Cincinnati Public Schools officials told trustees May 5 they are narrowing a multi‑million‑dollar fiscal 2026 shortfall but still face additional reductions estimated at about $35.5 million.
Cincinnati Public Schools officials told trustees May 5 they are narrowing a multi‑million‑dollar fiscal 2026 shortfall but that additional reductions remain necessary before the board adopts a balanced budget.
The district’s baseline target for the general fund is about $624 million. Administration said it has identified $10 million in “known underspends,” realized about $13.7 million from initial budget‑reduction work and is analyzing roughly $51.5 million in additional potential savings from a brainstormed “list of 100” ideas. After reconciling those items, Guston and Superintendent Murphy said the draft gap currently stands at roughly $35.5 million; that…
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