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MPS committee hears five‑year forecast showing steep enrollment declines and a multi‑year budget gap
Summary
Officials presented a five‑year financial forecast that includes a projected FY27 surplus from referendum phase‑in but then growing annual deficits through FY31 under current assumptions; administration proposed class‑size caps and staffing strategies and the committee approved budget parameters and a timetable 8‑0.
The Milwaukee School District's committee on strategic planning and budget on Jan. 27 reviewed a five‑year financial forecast and a set of FY27 budget planning priorities that officials said will be necessary to address structural fiscal imbalance.
Matt Chase from the Office of Accountability and Efficiency walked the committee through assumptions baked into the forecast: a state per‑pupil lift of $325, inclusion of a full cost‑of‑living adjustment of 2.63% and steps/lanes in FY27, a vacancy adjustment of $20,000,000, and healthcare inflation scenarios provided by the district's actuarial vendor. The forecast accounts for the departure of several charter campuses and projects a short‑term revenue bump in FY27 due to the referendum phase‑in and enrollment averaging rules, but forecasts deficits beginning in FY28 that grow…
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