Copyright © 2020 Albuquerque Journal
On Monday, the Albuquerque Public Schools Board of Education approved a $1.47 billion budget for fiscal year 2021. But it comes with a glaring asterisk: The spending plan could change dramatically depending on the results of a special session in which lawmakers will discuss the state’s fiscal situation amid an oil and gas bust and the COVID-19 pandemic.
While a balanced budget will be submitted to the state Public Education Department, APS was facing a $10 million shortfall even before the special session. A 1,649 student enrollment drop was a big factor.
To combat the shortage, district departments were tasked with trimming their budgets by at least 10%, which saved $6.67 million. But a $3.6 million shortage remained.
Support your local Albuquerque Journal & Shelby Perea SUBSCRIBE NOW cancel anytime