Projected budget shortfall reduced due to lower costs

January 23, 2013

PPS is projecting a $16.9 million shortfall for the 2013-14 school year, based on an updated budget forecast that reflects a “trueing up” of PPS revenues and spending in the current school year. The updated projected gap is approximately $5 million less than the $22 million gap earlier projected.

The reduced shortfall is based on:

Projected ending balance in the current year that is $3 million higher than budgeted.
Lower costs for budgeted staffing levels in the current year, that equate to a $2 million reduction in projected expenditures for 2013-14.

The updated forecast uses more up-to-date information to outline potential budget scenarios for the coming 2013-14 school year.

For example, to avoid any cuts to Portland schools, state funding for K-12 education in Oregon would need to be at the equivalent of $6.76 billion for the 2013-15 biennium (assuming neither the Governor’s proposed reductions to district funding via ESDs nor proposed PERS savings).

Portland Public Schools recognizes the diversity and worth of all individuals and groups and their roles in society. It is the policy of the Portland Public Schools Board of Education that there will be no discrimination or harassment of individuals or groups on the grounds of age, color, creed, disability, marital status, national origin, race, religion, sex or sexual orientation in any educational programs, activities or employment.

District Title VI & Title IX Contact: Greg Wolleck, HS Regional Administrator (503-916-3963)
District 504 Contact: Tara Vargas, Student Services (503-916-2000, x71016)
American Disabilities Act Contact: Human Resources Legal Counsel (503-916-3246)

Portland Public Schools
501 North Dixon Street
Portland, Oregon, 97227-1807 - USA
503-916-2000

Projected budget shortfall reduced due to lower costs

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