Minneapolis schools back in a big budget hole with a $19.6 million deficit

 

December 12, 2019

Leila Navidi - Star Tribune file – Star Tribune

"Over the past two years we have been setting money aside in the assigned fund balance because we knew in the future we would have a budget gap," district Chief Finance Officer Ibrahima Diop said.

The Minneapolis school district is back in a deep and familiar hole: It's facing a $19.6 million budget deficit for the 2020-21 school year.

District leaders are attributing the projected gap largely to declining enrollment and revenue that hasn't kept up with inflation and rising operating costs.

http://www.startribune.com/minneapolis-schools-back-in-a-big-budget-hole-with-a-19-6-million-deficit-for-2020-21-year/566112141/


 

Reader Comments
(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019

Rendered 02/19/2020 22:19