Reply to Hypotheticals— DC Budget shortfalls

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This might be a stupid question because I admittedly don't have an understanding of school budgeting, but do we foresee any vast difference in impact on charter schools v. DCPS with these shortfalls?[/quote]

Schools across the board aren’t going to experience a shortfall this FY. The money will be taken from other agencies if necessary.[/quote]

Charters were told at first to budget for a cut this year that might include not receiving the quarterly payment on April 15. That payment did come and it covers the last quarter for each charter school's current fiscal year which ends on June 30. That's different than the DC government and federal fiscal year which ends September 30.

The only guidance to charters so far came a month ago from the PCSB and it said that charters should use FY2024 funding levels for FY2026 and to plan for the loss of federal grants.  I don't think it will come to that but that's the only guidance provided so far. Charter's FY2026 budget starts on July 1, 2025.[/quote]

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