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Finance committee forwards FY25-26 budget request to full board as $23.3M shortfall remains
Summary
After a multi-hour briefing on revenues, special education costs and contingency plans, the Bridgeport School District finance committee voted to refer the proposed FY25-26 budget request to the full board while acknowledging a remaining $23.3 million gap and tight timelines for layoffs, notices and facilities decisions.
The Bridgeport School District finance committee voted on March 3 to send the proposed FY25-26 budget request to the full Board of Education for approval and transmission to the City of Bridgeport, following a detailed financial briefing that left a projected budget gap of $23.3 million even after proposed savings.
The committee's presentation framed the district's "monetary need" at roughly $348 million. The presenter said the adopted budget for the current fiscal year included use of about $26 million from internal service funds; withdrawing that one-time use would raise recurring needs. After accounting for planned savings, programmatic actions and assumed state allocations, the presenter said a residual gap of approximately $23.3 million remains.
Why it matters: Committee members were warned the remaining shortfall would require difficult decisions, including further personnel reductions and potential facilities…
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