Ysleta ISD Faces Financial Crisis with New Budget, Layoffs Looming Ahead

Want the full story?
Read the complete article at El Paso Matters
AI Summary
The Ysleta Independent School District has adopted a $391.4 million budget that nearly exhausts its savings, leaving only $4.5 million in reserve. This budget includes a $12 million deficit, which will significantly impact the district's financial health, potentially lowering its rating from B to C. While no layoffs are planned for the current year, Superintendent Xavier De La Torre indicated that staff reductions may occur in 2027. The district is also exploring a tax ratification election to generate additional revenue, as it grapples with declining enrollment and rising operational costs. Stakeholders are urged to stay informed about upcoming financial decisions and potential changes in healthcare costs for employees.
Key Details: • Adopted budget of $391.4 million leaves only $4.5 million in savings. • Potential layoffs may occur in 2027, with notifications expected in early spring. • A tax ratification election is being considered for November to raise $6 million annually. • Healthcare costs for employees may increase in 2027, with higher deductibles and co-payments.