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Austin ISD CFO warns of roughly $49 million adjusted deficit; proposes short‑term savings and hiring controls
Summary
CFO Katrina Montgomery told trustees the district’s adjusted FY25–26 net change projects a $49 million deficit driven by revenue and recapture declines and delayed property monetization; staff outlined $34M in March–June spending controls and a $12M hiring‑freeze estimate.
CFO Katrina Montgomery gave a budget update that foregrounded a fund‑balance target of 15% and a projected total fund balance of about $182 million, with roughly $140 million unassigned. She said the district’s adopted FY25–26 budget assumed a $19 million deficit but current adjustments show an estimated $49 million deficit driven by a $54 million revenue decrease, a $56 million recapture…
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