To develop the budget each year, City Schools’ finance staff estimate the revenue the district will receive from the state, city, and federal governments and compare that to anticipated expenses for the coming year. For 2017-18, the difference between revenue and expenses (the budget gap) is approximately $130 million.
There are five main drivers that have contributed to the gap this year and in prior years:
|Revenue has declined (or remained flat) for several years. The dollars the district receives each year are closely tied to enrollment, which has been decreasing. Learn more.|
|City Schools offers students a wide range of schools, but smaller schools cost more to operate. Learn more.|
|City Schools students, as compared to students statewide, have a much higher rate of poverty and special education needs. Learn more.|
|To attract and retain highly-qualified and talented staff, City Schools offers benefits and salaries that exceed many other districts’. Learn more.|
|City Schools is moving forward with a construction plan to bring new and renovated school buildings to neighborhoods across Baltimore. Learn more.|