At the March 28 PSD Board of Education Worksession, the board received an information update regarding the district’s projected 2012-2013 (FY 2013) budget.
Budget Manager Dave Montoya told the board that while state forecasts were better than anticipated, the FY 2013 budget is a work in process and revenue numbers will likely continue to change as the state legislative process unfolds.
He noted that PSD is in a better position than other districts around Colorado due to the 2010 Mill Levy and Bond which have alleviated some pressure on the General Fund budget. Still, PSD is projecting a preliminary shortfall of roughly $1.3 million, which does not factor in any compensation outcomes from this year’s negotiations with employee groups.
The budget process will continue with input from various stakeholder groups including the Budget Advisory Committee, parent support groups and staff. The Board of Education must adopt the FY 2013 budget before June 30, 2012.