ALBUQUERQUE, N.M. — Albuquerque Public Schools is sending off a $1.5 billion total budget to the state Public Education Department. At a meeting Monday morning, board members unanimously approved the plan, which includes pay raises for teachers and staff, and other legislatively mandated expenses.
The district is expecting a surplus of about $2.9 million, down slightly from an original projection of $3.6 million, which it is planning on putting in reserves. The idea is to leave the funds unallocated in the event that programs, such as K-5 Plus, a summer learning initiative, need additional dollars.
APS is anticipating a total of $725.5 million from state funding formula money. Nearly $20 million of this money is earmarked for extended learning programs, according to Teresa Scott, executive director for budget and strategic planning.