“The school board was asleep at the wheel,” said Scott Fitzpatrick, Missouri's state auditor. He added that the district could run out of money in less than six years at current spending levels.| STLPR
The district anticipates spending $14.4 million more than it will receive in revenue this fiscal year. By law, a district must maintain a balanced budget.| king5.com
Four “atypical financial shocks” are likely to hit many school systems around the 2024-25 school year.| K-12 Dive
Tight budgets will remain into the next school year, but may ease up beginning in the 2025-26 school year, said one education finance expert.| K-12 Dive
Twice each year, school districts must verify their financial health. Seven districts face immediate peril, and 32 others put themselves on a warning list.| EdSource
The dour forecast for the sector is based on a trifecta of enrollment concerns, rising costs and slowing revenue.| K-12 Dive
