Blog

PPS’ 2016 Budget

Print Friendly, PDF & Email

blackboard

Being one of the few districts to budget on a calendar year basis, the Pittsburgh Public Schools preliminary 2016 budget projects revenues of $546 million ($249 million, or 46% coming from the Commonwealth) and expenditures of $567 million, a deficit of $21 million.  That’s fairly par for the course as both the 2014 final and 2015 final budgets show an operating deficit every year from 2014-2018.

A few years back, in 2012, it was the view of the PPS financial staff that this current year would be one where the district would face insolvency.  That forecast changed, however, as the millage rate went up twice and operating deficits shrank.  The 2014 final budget projected that by 2017 the district would end the year with a negative fund balance of $72 million; the 2015 final budget projects that 2017 would end with a small, $1 million positive fund balance.  That would not meet the district’s fund balance policy, and that budget shows the bottoming out–a negative year-end fund balance–in 2018.

Print Friendly, PDF & Email
Allegheny Institute
Allegheny Institute

The Allegheny Institute is a non-profit research and education organization. Our mission is to defend the interests of taxpayers, citizens and businesses against an increasingly burdensome and intrusive government.

Subscribe to Our Newsletter

Weekly insights on the markets and financial planning.

Recent Posts