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Miami-Dade audit committee hears budget warning as 14,000 shortfall in projected students forces austerity measures
Summary
The Audit and Budget Advisory Committee was briefed on a roughly 14,000-student shortfall that reduced district revenue by an estimated $100 million and prompted hiring freezes, suspension of purchasing cards and zeroing of non-school budgets as the district seeks to protect reserves.
The Audit and Budget Advisory Committee on Tuesday received a budget update showing the district is about 14,000 students below last year’s enrollment projections, a shortfall the finance team said could translate to roughly $100 million in lost revenue.
“13,000 kids is about $100,000,000,” Steiger told the committee while outlining the district’s response. “We have shut off all the spigots as much as humanly possible… the departments have to come to the budget office and ask for it and prove that it is…
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