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Austin ISD projects $129M preliminary general-fund deficit for FY26; district presses for cuts and new revenue
Summary
Austin ISD’s interim chief financial officer, Katrina Montgomery, presented the board April 24 with a preliminary FY2025–26 financial plan showing a large operating gap and the actions the district is pursuing to stabilize its fund balance.
Austin ISD’s interim chief financial officer, Katrina Montgomery, presented the board April 24 with a preliminary FY2025–26 financial plan showing a large operating gap and the actions the district is pursuing to stabilize its fund balance.
Topline numbers: Montgomery said the district’s preliminary FY26 general-fund expenditure budget would be about $999 million with projected local, state and federal revenue totaling roughly $1.58 billion and a projected net change in fund balance of a $144 million deficit before vacancy savings. Montgomery said the budget team is estimating roughly…
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