FISCAL PLANNING
Prioritizing Students Over Structures: Choice and Opportunity Define KM
As KM's resident student population declines, our funding under revenue limits does too. Our current facilities were designed for 4,500 students but we now serve 3,300 students, and we project further decline to 2900-3000 students over the next 5-7 years. Investing in empty seats prevents us from providing the choice and opportunity that defines KM. While we do not currently have a budget deficit (2024-25 fiscal year), we project growing deficits that will reach $7-8 million by 2031-32. These deficits could be reduced through right-sizing staffing and facilities to align with declining student populations. We presented several scenario plans to our board on March 11th and are currently discussing them with staff. We are also refining those scenarios and providing additional details, at our board's request, to present at the April 15th and April 29th board meetings.
It is critical that we engage our community in this planning process. We encourage you to add questions at kmsd.edu/fiscal-planning and check back for more information as we build this dialog.
