2024-25 Budget Process
Like many school districts across the state and country, MPS is facing a budget shortfall for the 2024-25 school year due to a variety of factors. See Budget Factors below.
As we move through our budget process (see Budget Timeline below), we now have more information about our proposed budget.
- Information about school allocations was shared at our March 5, 2024, Finance Committee Meeting.
- Information about department allocations was shared at our March 19, 2024 Finance Committee Meeting.
Budget Timeline
Updated Feb. 22, 2024
For more information see the 2024-25 Budget Update presentation from the most recent Finance Committee Meeting.
Note: Timeline is subject to change and the budget will continue to be revised as we settle contract negotiations with collective bargaining groups.
| Feb. 28, 2024 | Enrollment projections sent to schools |
| March 1, 2024 |
Proposed budgets shared with schools and departments - budget tie-out opens. BTO is the process for schools and departments to review and finalize their budget for the following school year. |
| March 5, 2024 |
Initial budget recommendations will be presented to the School Board Finance Committee |
| March 15, 2024 |
Budget Tie-Out Portal Closes - Schools and departments finalize their budgets for the next school year |
| March 19, 2024 | Additional budget review by the Board Finance Committee |
| March 26, 2024 | Final budget recommendations will be presented to the full School Board |
| May 28, 2024 | First reading of the budget by the School Board |
| June 11, 2024 | Approval of the budget by the School Board |
Get in Touch
Learn More
Find information related to the budgeting process on our Budget Documents page.
With questions about the budgeting process, email mps.finance@mpls.k12.mn.us.
MPS Budget Subcommittees
Three subcommittees are working to identify ways to reduce the budget with the least impact on our students, finding efficiencies while minimizing disruptions.
Budget Factors
MPS projects a budget shortfall during the 2024-25 school year and a complete exhaustion of the general fund balance during the 2025-26 academic year if budget adjustments are not made, due to the following factors:
- the end of COVID-19 emergency funding from the federal government;
- a decrease in revenue due to continued declining enrollment;
- escalating costs because of higher-than-average cost of operation.