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Finance update: Montgomery Public Schools reports FY2025 gains, healthy reserves and a 2028 sunset risk
Summary
The district reported a general fund balance of $98.9 million (~3.86 months), a three-notch S&P credit upgrade and warned of an enrollment decline and a local revenue 'sunset' in 2028 that could reduce annual revenues if not renewed.
Pamela Watkins, presenting the September 2025 financial statement to the Montgomery County Board, reported that fiscal year 2025 closed with a general fund balance of $98.9 million, representing about 3.86 months of reserves. She said the district’s discretionary local fund balance was $77.3 million (roughly a three-month reserve), while noting that the state requires a minimum one-month fund balance.
Watkins highlighted a three-notch credit-rating upgrade from…
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