Ysleta Independent School District Faces Potential Financial Crisis in Two Years

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AI Summary
An audit reveals that the Ysleta Independent School District (YISD) could face financial insolvency within one to two years if current trends continue. The report, completed by Internal Auditor Amy Sanchez, highlights a significant risk due to declining state revenues, a projected multimillion-dollar deficit in the health plan fund, and ongoing enrollment declines. The district's unassigned fund balance has plummeted by 75% over the past five years, from $78.9 million to an expected $18.8 million by 2026. Superintendent Xavier De La Torre assured that a plan is in place to address the situation, but the district's financial health remains precarious, with a proposed budget review scheduled for June 17.
Key Details: • Audit indicates YISD could be financially insolvent by 2026-27. • Unassigned fund balance decreased from $78.9 million to $18.8 million in five years. • Proposed budget presentation to the board on June 17. • Financial exigency may be declared if conditions worsen, including a 20% drop in fund balance per student.