CFB ISD faces $20 million enrollment-driven revenue shortfall, board told

Carla Settle, the district chief financial officer, told the board that a sharp drop in student enrollment has materially reduced the district's revenue and increased state recapture obligations. "The net effect of this delta in enrollment does impact our fund balance and projected deficit," Settle said, linking lower average daily attendance and the state's recapture formula to a larger-than-expected budget gap.

Settle presented a decade-long enrollment decline of 10.39% since 2019'20 and said the district's loss of students produced a direct reduction of roughly $5.6 million in formula funding. She said higher property values combined with falling enrollment raise the district's recapture payment and that, together, the enrollment decline and recapture increase have produced about a $20 million revenue shortfall for the current year…