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PSD board hears detailed budget briefing as district plans for enrollment-driven cuts
Summary
Budget director Brian Gustafson and CFO Dave Montoya told the Poudre School District board that state School Finance Act changes, declining enrollment and hold-harmless funding leave the district planning for fewer funded pupils and larger structural challenges; the board was advised to expect a preliminary budget April 28 and to prepare for about 250 positions affected by local reductions.
Budget director Brian Gustafson and CFO Dave Montoya presented a technical update to the Poudre School District Board of Education on April 14, laying out how changes to Colorado’s School Finance Act, declining enrollment and hold-harmless calculations will affect district revenue and budgeting.
Gustafson said implementation of the 2024 school finance law is being phased in at 15% per year and noted that the district is planning for roughly 654 fewer full-time-equivalent (FTE) students for next year; using the phased averaging rules he described, that translates into an expected funded-pupil-count decline of about 762 pupils in next year’s calculations. "We're building a budget based on 654 fewer FTE," Gustafson said, adding that the district will finalize a preliminary budget for the board by April 28.
CFO Dave…
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