The Austin school district needs more money than they thought for next year $89 million instead of $60 million because property values didn’t go up fewer students showed up and state funding hasn’t helped much so they might have to cut spending and ask for more taxes.
Austin School District Grapples with Soaring Budget Deficit and Potential Spending Cuts
According to the Austin American-Statesman, the Austin school district is facing a big money problem for the next school year. Austin school district thought they’d need $60 million but now it’s grown to $89 million. This means they have to cut a lot of spending.
The trouble started because property values didn’t go up as much as they thought and fewer students showed up for school than expected. This means less money coming in. Also, state lawmakers haven’t helped give more funds to the Austin school district, making things even tougher.
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$89 Million Budget Deficit Strains Austin School District: Tough Decisions Ahead for 2024-25 School Year (PHOTO: Austin American-Statesman)
Austin School District Considers Spending Cuts and Tax Increases to Address Budget Deficit Without Impacting Student Education
Furthermore, to deal with the deficit the Austin school district might cut spending on contracts and get rid of some administrative jobs. They might also ask people to pay more taxes to bring in extra money. But even with these changes, it’s still hard to figure out where else to save money without affecting students’ learning.
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