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Budget presenters outline near‑$1 billion district budget and enrollment decline projections
Summary
District staff presented budget figures — roughly $650M general fund and $960M total budget next year — reported $463M outstanding debt (about 25% of capacity), and projected a multi‑year decline in elementary enrollment; the board was reminded of legal adoption deadlines and a June 7 budget hearing.
Budget staff reviewed the district's fiscal position and timeline. The presenter said the general fund is about $650,000,000 and the district is planning a total budget near $960,000,000 for the next fiscal year, placing total district spending near $1 billion.
On revenue and debt, staff noted state revenue held roughly flat while local collections rose after last year's truth‑in‑taxation action; the district paid off about $46,000,000 of debt this year and projected total outstanding debt of roughly $463,000,000 (about 25% of bonding capacity). The presenter reminded trustees that the district must adopt a final legal budget by June 30 and suggested a June 7 hearing for final approval.
Federal funds were discussed: staff projected about $65,000,000 in federal funding for the current year (including COVID‑related funds) and said ESSER II and ESSER III grants were approximately $18,000,000 and $42,000,000 respectively. The presenter emphasized constraints related to maintenance‑of‑effort rules tied to some federal programs.
Mr. Snow reported enrollment projections and scenarios: district total enrollment is projected to decline for several years with the steepest declines at the elementary level; staff indicated preparations would include targeted reductions in FTE at affected schools and continued monitoring.
