December 4, 2023


It's Your Education

Santa Fe Community Educational institutions anticipating attainable budget deficit

SANTA FE, N.M. (KRQE) – The Superintendent of Santa Fe General public Colleges mentioned the district could be facing a extra than $7 million minimize in subsequent year’s running funds, this means there could be cuts. She mentioned a fall in enrollment is a major variable.

KRQE spoke with Dr. Veronica Garcia, the superintendent of the district, who stated that is the
“worst-circumstance state of affairs.” Nonetheless, she’s optimistic it won’t be as negative as the $10 million hit the district confronted this earlier university year. She explained the $7.1 million decrease could occur for the reason that of a decline in enrollment. Garcia mentioned of the district’s more than 12,000 college students presently enrolled, an estimated 615 of them have opted not to enroll for the coming year and instead are deciding upon to homeschool, heading out of condition, or for other causes.

Garcia said they may have to make cuts in staffing due to the fact of it, while it’s unclear where by people cuts would be created. But Garcia is hoping that could be avoided with federal aid and assistance from the state.

“We are nonetheless doing the job with the General public Training Division right now,” claimed Garcia. “It’s the worst-scenario state of affairs to see whether or not the district would qualify for a ‘hold harmless’ provision that would fund us at the similar level that we were being funded final yr.”

She mentioned the district and the point out are on distinctive pages in regards to how a lot dollars the district finished with last 12 months. Which is what the state is heading off of when it arrives to districts remaining authorized for that “hold harmless” provision. Garcia explained the district’s ending stability was $114 million final year. But claimed the point out calculated it was about $8 million much less than that.

Garcia expects to get extra responses from the condition about the anticipated deficit early next 7 days. The district’s finance committee has right up until June 1 to submit a finalized price range to the condition for approval.