• Anchorage School District
    FY24 Budget Solutions

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    The District is estimating a General Fund deficit of approximately $68 million if one-time State funding for FY23 is held for FY24. Since 2017, ASD has received an increase of .5% from the State of Alaska (SOA) through the BSA formula. For more than seven years, inflation has reduced purchasing power to a level of approximately $80 million less than what the District could afford in 2017 in real dollars. This, coupled with a declining student enrollment in our city, continues to negatively impact ASD’s ability to maintain smaller class sizes to better address student learning.

     

    For the next few months, ASD will present various options on how to manage this deficit to the School Board, complete with opportunities for public comment.

    We are proud to be a vital and important part of the community. The success of our young people will drive the success of Anchorage into the future.

Media

Important info

Areas for Detailed Analysis

    • Review schools for closure/repurpose, school-based minimum and metric-based staffing levels, ASDV, special programs (e.g. immersion & IB), MS model, addenda levels, and pull-out programs (IGNITE, 6th grade band/orchestra, etc.)
    • Review ESSER II/III planned expenditures to help soften FY 24 deficit
    • Review 1:1 costs & short/long-term plan to support elementary and secondary, district software, policy & procedure for lost/broken student equipment
    • Review District Administrative staff, contracts, insurance coverage limits, Student Nutrition debt practices, facility renting fees, Student Transportation, etc.
    • Potential for increased revenue (i.e., outsource capabilities to other districts/municipalities, expand Medicaid reimbursement, etc.)
    • Review sports and activities to determine potential cost savings and possibly reduce programs. Review activity fee rates and gate fees for games
    • ASD’s prioritization efforts will be informed through layered community, family and staff input (surveys, town halls, etc.)

State Foundation Formula and Local Taxes

  • Step 1
    School Size Adjuster

    Schools and Dollar Signs

    The school-size factor table is used to calculate the adjusted Average Daily Membership (ADM) for each school

    41,325 -> 47,446
    Step 2
    District Cost Factor

    Map of Alaska with dollar signs

    The district's school size adjusted ADM is multiplied by the district cost factor

    47,446 = 47,446
    Step 3
    Special Needs Factor

    Bilingual Education / Special Education/ Gifted and Talented / Vocational Education

    The previously adjusted ADM is multiplied by 1.20, providing an additional 20%

    47,446 -> 56,935
    Step 4
    CTE Factor

    CTE Stidents

    The previously adjusted ADM is multiplied by 1.015, providing an additional 1.5%

    56,935 -> 57,789
    Step 5
    Intensive Needs Factor

    Teacher with many students

    The intensive needs count is multiplied by 13 to determine the final Adjusted ADM

    57,789 -> 71,036
    Step 6
    Correspondence Factor

    Many students

    The district's correspondence count is added in and multiplied by .90

    71,036 -> 72,967

     

  • District adjusted ADM

    72,967

     

     

    Base Student Allocation

                     $5,930

     

     

    Basic need (BSA x ADM)

    $432,694,725

     

     

    Required local effort (property taxes)

    $(112,606,410)

    $42,492,985,048
    x 2.65
    $112,606,410

    MOA Property Values
    Mills
    Total Required Local Taxes

    State Reduction for Federal Impact Aid Received

    $(7,168,320)

     

     

    State Foundation Revenue

    $312,919,995

     

     

    State Quality Schools Grant

                $1,167,413

     

     

    Total State Revenue

          $314,087,468

     

     

    Required Local Taxes

    $112,606,410

     

     

    Additional Allowable Taxes

    (23% of Basic Need + Quality Schools)

     

            $99,788,306

     

     

    Total Allowable Taxes

          $212,394,716

     

     

     

    Read more about the Foundation Funding Formula

General Fund Budget - $549.5 million

  • GF

  • Chart