APS faces $45M deficit for coming year - Albuquerque Journal

APS faces $45M deficit for coming year

Copyright © 2021 Albuquerque Journal

“Extraordinarily challenging.”

That’s how Albuquerque Public Schools Superintendent Scott Elder described the budget planning for the fiscal year that starts in July.

“We estimate that we have $45 million more in expenditures than we have revenue in our operational fund,” Elder said, forecasting next school year’s fiscal situation.

Elder said the district’s distribution from the school funding formula will be roughly the same as the previous year, but there are additional costs, such as salary increases.

However, that deficit could significantly change depending on how many kids return to APS and how much funding the district ultimately gets from the state, according to chief financial officer Tami Coleman.

Officials previously reported that the district is facing an enrollment decrease of about 5,200 kids – 1,200 attributed to historical declines and 4,000 due to the COVID-19 pandemic, which is the major factor creating budget hurdles.

Students could come back to the district, bringing with them funding to help with the deficit. But it’s still unclear at this point how many students will return.

How much money the district ultimately gets for enrollment growth will be determined by a count in October.

Chief Information and Strategy Officer Richard Bowman said there were 4,264 registrations – meaning a student was registered to go to school at APS – in March and 5,318 in April for the 2021-22 school year.

There were 3,979 and 3,839, respectively, the year prior.

“We are down from two years ago but up from last year,” Bowman said.

He added that the bulk of registration, which is ongoing, typically occurs in July and August.

A lifeline amid the deficit will be federal aid. The district expects over $200 million from the American Rescue Plan, some of which is expected to help fill gaps and balance the budget, Coleman said.

“When we have less funding, our normal, required process, is to identify budget cuts to balance the budget,” Elder said. “For next year, that practice will be very different.”

Home » ABQnews Seeker » APS faces $45M deficit for coming year

Insert Question Legislature form in Legis only stories

Albuquerque Journal and its reporters are committed to telling the stories of our community.

• Do you have a question you want someone to try to answer for you? Do you have a bright spot you want to share?
   We want to hear from you. Please email yourstory@abqjournal.com

taboola desktop

ABQjournal can get you answers in all pages


Questions about the Legislature?
Albuquerque Journal can get you answers
Email addresses are used solely for verification and to speed the verification process for repeat questioners.
Nusenda to acquire Las Cruces-based Western Heritage Bank
ABQnews Seeker
Once complete, the addition of Western ... Once complete, the addition of Western Heritage's branches - it has one in Las Cruces, one in Deming and four in El Paso - ...
The meaning of justice to victims vs. law's goal
ABQnews Seeker
On the day he was murdered, ... On the day he was murdered, Bangladeshi geology professor Taher Ahmed interrupted his visit with his adult children in Dhaka, the nation's capital and ...
‘Weak mayor’ proposal sets up possible 10-member City Council
ABQnews Seeker
Councilors deferred until June 21 a ... Councilors deferred until June 21 a proposal that would reshape Albuquerque's government
Camp in session: UNM basketball players get experience coaching ...
ABQnews Seeker
Monday, at the Pit, 75 3rd ... Monday, at the Pit, 75 3rd through 7th graders were wide eyed and excited to be learning from their favorite Lobo basketball stars.
Can rivalry games be saved? UNM, NMSU swap facility ...
ABQnews Seeker
Amid a rare offseason flare-up of ... Amid a rare offseason flare-up of rivalry drama, UNM and NMSU on Monday made progress toward getting their hoops rivalry going again.
Pipeline from this surprising school produces more transfers to ...
ABQnews Seeker
This week, two new transfer announcements ... This week, two new transfer announcements in as many days amounted to (unofficially) two new Lobos in former Alabama State running back Jacory Merritt ...
Thousands of households will have to pay more for ...
ABQnews Seeker
The Bernalillo County Solid Waste Program ... The Bernalillo County Solid Waste Program is implementing a 6% rate increase for trash and recycling for residents in the unincorporated areas of the ...
New Mexico United bumps up assistant to take over ...
ABQnews Seeker
Masaki "Mac" Hemmi, New Mexico United's ... Masaki "Mac" Hemmi, New Mexico United's first assistant coach, ran Monday's training session and will coach the team for Saturday's match at Tampa Bay ...
State agency extends contracts for Medicaid providers amid uncertainty ...
ABQnews Seeker
The move by the New Mexico ... The move by the New Mexico Human Services Department to extend the existing contracts through June 2024 - instead of the end of this ...