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Austin ISD projects six‑figure budget gaps, outlines cuts and hiring freeze as board begins planning
Summary
Austin ISD officials told the Board of Trustees Feb. 27 the district must close a multi‑million dollar gap and begin cutting or monetizing assets, while staff prepared modeling and community outreach for the fiscal‑year cycle.
Austin ISD officials presented a detailed budget update and a budget‑alignment workshop to the Board of Trustees Feb. 27, saying the district faces a sizable shortfall and must consider a mix of program reductions, operational changes and asset monetization.
Interim Chief Financial Officer Katrina Montgomery said the district's adopted FY2024–25 budget (adopted last year) projected a roughly $78 million deficit; current projections show a substantially larger gap and a need for additional reductions. "This fiscal year…we need to cut an estimated $32,000,000 in addition," Montgomery told trustees, describing steps already taken this fiscal year that reduced the gap and the further actions under consideration.
Montgomery and Superintendent Matias Segura presented multiple scenarios for FY2025–26 based on property appraisal changes. The administration showed an estimated deficit of about $105 million assuming 0% property value growth and about $121 million using a…
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