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Factors Impacting the Budget

Budget Factors for Upcoming 2021-22 School Year

Budget Factors for Upcoming 2021-22 School Year
Declining enrollment will impact revenue and lead to an anticipated budget gap; conservative investments to meet academic and financial sustainability goals recommended:
1.Need to approve a balanced budget while maintaining our core priorities
  • Maintain MPS core priorities of equity, literacy, social and emotional learning, and student support services
  • Implement Year 1 of the Comprehensive District Design to increase both academic and enrollment long term
  • •Systems in place to ensure MPS legal compliance for state reporting
  • •Flexibility to adjust budget for any issues arising from COVID 19 pandemic
2.Continue work with the state legislature to fully fund Special Education ($56M) and English Learners programs ($12M)
  • Legislature may not be in position to approve a per pupil increase
  • Increases of 1% 2% for more than 15 years have not kept up with inflation
  • MPS focusing on increasing special education and English Learners funding from legislature
3.Decreased student enrollment by another 945 students
  • Uncertainty about reduced enrollment resulting from COVID 19
  • Possible decline in enrollment until Comprehensive District Design fully implemented
  • Competition from charter schools
  • Fewer students applying for Educational Benefits. MPS then receives fewer dollars for students living in poverty Title I and Compensatory dollars
  • Projections show reduced births now and over the next five years
4.Need to maintain fund balance at district policy of 8-13%
  • MPS started FY 2020-21 with a balanced budget using a planned use of $12M from reserves
  • Expenses continue to be reduced where possible
  • Commitment to maintain board approved Fund Balance level