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KIPP Texas Board Approves Audit, Weighs School Closures as HB2 Revenue Narrows Deficit
Summary
KIPP Texas leaders told the board HB2 revenue cut the structural deficit to about $6 million but recommended identifying seven campuses for possible closure; the board approved the FY25 audited financial statements and a staff retention incentive package to support transitions.
The KIPP Texas Public Schools board on Dec. 13 approved the district—s fiscal year 2025 audited financial statements and heard an extended briefing on a recommendation to identify seven campuses in Austin and San Antonio for potential closure to address ongoing enrollment declines.
CFO Sun Han told directors the system received significant recurring revenue tied to the Texas Legislature—s House Bill 2 that reduced the organization—s beginning-of-year deficit from roughly $18 million and cut a multi-year structural shortfall from about $34 million to approximately $6 million. Han cautioned the HB2 amounts are enrollment-sensitive: "HB2 is a stabilizer for this organization, not a full solution," he said, noting the revenue is partly restricted for teacher retention and therefore not a complete remedy for enrollment-driven losses.
After the audit presentation the board voted to accept the FY25 audited financial statements. Jean Austin moved the motion; Allison Sager seconded. Chair Darla…
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