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Tacoma Public Schools ends 2024–25 with slim reserves after revenue shortfalls, district finance official says
Summary
District finance presenter Ross told the board the district closed 2024–25 with a $3.2 million general-fund balance, well below the ~5% reserve target (about $28 million), citing a roughly $3 million midyear transportation revenue loss and other pressures; the district will use short-term mitigation and multi-year recovery plans.
Ross, the district finance presenter, told the Tacoma School District Board the 2024–25 fiscal year ended with an operating fund balance of $3.2 million, far short of a 5% reserve target he estimated at about $28 million. "We budgeted for a beginning fund balance of 17.5 million, and we actually came in last year at 11.1 million," Ross said, adding that revenues for the year were $571.6 million, roughly $6.2 million under what had been planned.
The finance presentation singled out an unanticipated transportation funding hit of about $3 million that occurred during the year,…
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