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Tempe School District approves FY2025–26 budget revision after enrollment drop
Summary
The Tempe School District Governing Board on Aug. 20 approved a revision to the district's FY2025'26 expenditure budget after administrators reported a drop in average daily membership, lower revenues and a drawdown of reserves that will require future spending decisions.
CFO Eric Thompson presented a revision to the Tempe School District's fiscal year 2025'26 annual expenditure budget and the Governing Board approved the revision during the Aug. 20 meeting.
Thompson told the board the district is updating the budget because the Legislature finalized state funding after the district had already adopted a budget, and because actual July enrollment figures allow a more accurate funding estimate. "We are down for the first time, under 9,000 ADM," Thompson said in his presentation, and he said the revised figures reduce the district's projected revenue.
The board approved the revision by voice vote after a brief discussion. The revision reflects a decrease from the previously adopted estimate of 9,080 average daily membership (ADM) to a lower current projection; Thompson said the change…
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