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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.

View 2024-25 Budget Overview

As we move through our budget process (see Budget Timeline below), we now have more information about our proposed budget.

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 14, 2024 First reading of the budget by the School Board
June 18, 2024 Approval of the budget by the School Board

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.

FY25 Budget Considerations: Restricted Funding, Equity, Reductions > Eliminations, Legal Requirements

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: 

  1. the end of COVID-19 emergency funding from the federal government;
  2. a decrease in revenue due to continued declining enrollment; 
  3. escalating costs because of higher-than-average cost of operation.

Budget Briefs

Budget Briefs are high-level overviews of different components of the MPS budget.

Every day, Minneapolis Public Schools transports about 19,000 students to and from school. In addition, MPS provides daily transportation for field trips, athletic trips and after school activities.