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AISD proposes $19.7 million 2025–26 general‑fund deficit after HB2; administration outlines central‑office cuts, property‑insurance savings and next steps
Summary
Austin ISD projected a $93 million shortfall for 2024–25 and proposed a 2025–26 general‑fund budget with a $19.7 million deficit, leaving an estimated 15.2% unassigned fund balance; administrators outlined central‑office restructuring, hiring controls and property‑insurance options to narrow the gap.
Austin Independent School District CFO (interim) Katrina Montgomery and Chief Government Relations Officer Jacob Breech (Dr. Reach) reported June 12 on the district’s fiscal condition and a proposed budget for fiscal year 2025–26. The presentation combined an update on closing projections for 2024–25 and a proposed 2025–26 general‑fund budget the administration plans to present for adoption on June 26.
Key figures and trajectory: - Projected FY 2024–25 gap: The district estimated the 2024–25 shortfall will be about $93 million after mid‑year reductions and tighter purchase controls; expected unassigned fund balance at fiscal year end is projected at 16.8% (below the board’s prior 20% target). - Proposed FY 2025–26: The administration proposed a budget with an estimated $19.7 million deficit that would yield an estimated 15.21% unassigned fund balance if the board adopts the package as presented.
Administration strategies and assumptions presented: - Revenue assumptions…
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