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Austin ISD trustees hear multiyear forecast showing near‑term $39 million gap and larger cuts ahead
Summary
At a Feb. 26 board meeting, Austin ISD officials said the district must identify roughly $39 million in reductions this fiscal year and plan larger multi‑year cuts to meet fund‑balance targets, citing enrollment declines, lower property values and recapture pressures.
Austin Independent School District trustees on Feb. 26 heard a multiyear fiscal forecast that projects a widening gap between revenues and operating expenditures and requires near‑term reductions to meet board fund‑balance policy.
Katrina Montgomery, who led the forecast presentation, said the district’s adopted budget showed a $19 million deficit when adopted in June but the latest projection for FY25–26 reflects a larger shortfall, driven by enrollment declines, lower property values and other changes. Montgomery said the district must find an additional $39,000,000 in reductions during the current fiscal year to meet the board’s interim targets.
“The fund balance policy is increasing to 20% by FY27–28,” Montgomery said in her presentation, and the…
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