NewsEducation / August 30, 2018

IPS Projects Deficit For 2018-19 School Year To Be Less Than Originally Expected

IPS Projects Deficit For 2018-19 School Year To Be Less Than Originally ExpectedThe smaller deficit is a result of decreased transportation costs and an increase in tax revenue. Indianapolis Public Schools2018-08-30T00:00:00-04:00
IPS Projects Deficit For 2018-19 School Year To Be Less Than Originally Expected

Eric Weddle/WFYI

Thursday night the Indianapolis Public Schools board reviewed finances that show the district will operate at an approximately $20 million in deficit for the 2018-19 school year. This deficit is less than the $45 million deficit projected this spring.

The change is a result of decreased costs projected for transportation and an increase in projected net property tax revenue.

The district decreased transportation costs in the 2017-18 academic year compared to the previous school year through new fuel-efficient buses and changes in how buses are routed. IPS Director of Transportation Manny Mendez says the district wants to continue cutting costs.

"We will reduce our costs without sacrificing our on-time arrival for our students," Mendez says. 

The board also voted to move forward with the market analyses plan for the vacant Broad Ripple and John Marshall high schools. This plan aims to determine the properties’ financial values.

It also voted to expand Enroll Indy –– the IPS online enrollment system –– to include Pre-K students. It also voted to transition the enrollment period from three-rounds to two-rounds.

This story was updated to clarify the decreased transportation costs.

 

 

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