ALBUQUERQUE, N.M. — When it comes to the Albuquerque Public Schools budget, many things are up in the air.
The district is planning for cuts and reallocations in different forms, including the state taking credit for the district’s federal coronavirus relief funding. But the extent of the hits was unknown as of Monday as the district has been waiting for the state Public Education Department to determine the unit value, a crucial figure in determining how much money districts receive from the school funding formula.
PED spokeswoman Deborah Martinez previously told the Journal that the department has been working on setting the new unit value and has until Aug. 1 to do so. “The new unit value is a piece of the mechanism that the state will use to reduce the allocations to schools as a result of reductions to funding that took place during the special session,” Martinez wrote in an email to the Journal.
But Chief Financial Officer Tami Coleman said APS does know that it will see a roughly $1 million decrease to the $21 million transportation budget.