The details
Pastusek reviewed components of the projected fiscal year 2024-25 budget and compared them to the same numbers from the FY 2023-24 amended revenue budget, which contained a $2.99 million budget shortfall. The two major factors causing the significant FY 2024-25 shortfall include:
- A more than $20 million increase in payroll expenses
- An over $14 million decrease in state funding
During the May 6 school board meeting, the board of trustees discussed a possible voter-approval tax rate election in November to address a projected shortfall.
What they’re saying
Superintendent Mark Foust pointed out that school funding has become a major issue across the state.
“At what point does this become a school funding crisis?” Foust asked Pastusek.
“I think we’re well into a crisis,” Patusek said. “Inflation since 2019 is through the roof, and the basic allotment has not changed since 2019. Per-student revenue has gone down. Districts around us are cutting very important programs. They’re changing student-to-teacher ratios above what the state recommends. All of this together is a perfect storm of a funding crisis.”