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CFO: Austin ISD narrows FY24‑25 deficit to about $74.1M as enrollment falls by roughly 3,000 students
Summary
CFO Katrina Montgomery reported an unaudited FY24‑25 deficit of approximately $74.1 million (an improvement from earlier projections) and outlined strategies — hiring freeze, spending controls, property monetization and staffing guideline changes — aimed at restoring fund balance to 20% by FY27‑28.
Katrina Montgomery, Austin ISD’s chief financial officer, told trustees on Dec. 18 that the district’s unaudited FY24‑25 deficit landed at about $74.1 million, an improvement of roughly $4 million from an earlier projection. Montgomery said the district initially projected larger deficits midyear but narrowed the shortfall through a combination of controls and revenue adjustments.
Montgomery and finance staff highlighted enrollment as a key variable: the district adopted an FY25‑26 enrollment of 72,303 students and has seen roughly a 3,000‑student decline since adoption, a…
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