Friday, November 8, 2024

MCPS projecting $5 million deficit this fiscal year

Montgomery County Public Schools (MCPS) plans to implement some hiring and spending restrictions and to use leftover funding to address a projected $5 million deficit in the district’s fiscal year 2025 operating budget, Superintendent Thomas Taylor told the school board Thursday. 

“The commitments that I made coming in as your new superintendent was to offer a level of transparency to our financial operations and to make sure that the public was aware of the good, bad and the indifferent,” Taylor said during the board meeting at MCPS headquarters in Rockville. “And this is one of those times where things are not going well.” 

The school district has been facing significant budget constraints after receiving roughly $30 million less than the county school board requested after the County Council allotted S3.3 billion in spending for fiscal year 2025, which began July 1...

https://moco360.media/2024/11/07/mcps-projecting-5-million-deficit/

1 comment:

  1. This is the rule rather than the exception.
    “And this is one of those times where things are not going well.”

    ReplyDelete

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