The Anchorage School District faces a budget deficit of at least $68 million next year as federal pandemic funding runs out.
Now, district administrators and the school board are facing tough decisions on large budget cuts.
“If we were to have spent all of the one-time funding from the state, our deficit would be around $100 million,” the district’s Chief Financial Officer, Jim Anderson, told the school board at a work session Tuesday. “If we preserved the $16 million, and met or exceeded our fiscal year ‘23 projected enrollment, our starting point was about a $68 million deficit.”Over the next few months, district administrators will discuss how to offset the deficit.
Anderson said the district plans to send out several surveys to gather community input. The first surveyThe district also plans to host community town hall meetings starting in October. One option is returning it to Anchorage taxpayers, by using that money instead of asking for new bonds. That tax holiday could last two to three years.
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