TPS BUDGET DEFICIT

TOLEDO PUBLIC SCHOOL FAMILIES HAVE DEMANDED THAT THE DISTRICT PROVIDE A DETAILED ANALYSIS THAT EXPLAINS HOW THE DISTRICT ENDED UP IN A $68 MILLION DOLLAR HOLE
DISTRICT OFFICIALS SAY THE MONEY PROBLEMS SPREAD OVER SEVERAL YEARS, DRIVEN BY DECLINING ENROLLMENT, FLAT REVENUE, AND RISING COSTS. THEY ALSO SAY CHANGES AT THE STATE LEVEL LEFT TPS ABOUT $24 MILLION SHORT OF WHAT THEY EXPECTED. SUPERINTENDENT ROMULUS DURANT SAYS THAT AMOUNT OF MONEY IS EQUIVALENT TO EIGHT LARGE HIGH SCHOOLS. TO CLOSE THE GAP, THE DISTRICT IS USING A TWO-PHASE APPROACH THAT INCLUDES $41 MILLION IN CUTS ALREADY MADE AND ANOTHER 26 TO 27 MILLION IN SAVINGS THROUGH THE TRANSFORMATION PLAN.