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St. Paul Public Schools adopts FY2025 revised budget; general fund deficit narrowed
Summary
The board adopted the district’s FY2025 revised budget Feb. 18. Administration reported the general fund deficit spend decreased from an originally projected $37 million to about $28.3 million, leaving an estimated ending general fund balance near 6.4 percent (roughly 24 days). The board also approved a one-time $72,000 transfer to community
The St. Paul Public Schools Board of Education unanimously approved the district’s FY2025 revised budget on Feb. 18 after a presentation by budget staff.
Chief financial staff reported updated revenue and expenditure projections: increased general-fund revenue driven in part by higher-than-expected special education reimbursements and enrollment, offset by additional expense. The revised general-fund deficit is projected at about $28.3 million (improved from the June projection of a $37 million decrease), producing an estimated…
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