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Austin ISD trustees hear $181M shortfall; several signal support for 15% fund‑balance target
Summary
Staff told the board the district faces a $181 million general‑fund gap and presented scenarios tied to different fund‑balance guardrails; trustees signaled support for a 15% reserve target while asking staff for far more program‑level and departmental detail before final budget votes.
Katrina Montgomery, Austin ISD’s chief financial officer, told trustees the district’s general fund shows a gross deficit of “$181 million” and presented three scenarios showing how property monetization, vacancy savings and spending reductions would affect the shortfall.
The board was asked to weigh the district’s fund‑balance guardrail — staff modeled outcomes for 15%, 16% and 17% reserve targets. Montgomery said property‑value and average daily attendance (ADA) assumptions materially change the deficit and noted Travis Central Appraisal District guidance…
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