NPS 2024-25 Budget
Norwalk Public Schools has reached the midway point of the Future Ready For All: 2021-26 Strategic Plan, and we are in the midst of evaluating the progress made so far to fully realize the strategic priorities established for the district nearly three years ago.
With those priorities in mind, the superintendent recommended an operating budget for FY 2024-25 that was intended to bring the district closer to achieving its goals and taking the actions necessary to execute the strategic priorities.
The Norwalk Board of Education voted to approve the superintendent’s proposed budget of $289.1 million at its regular business meeting on Dec. 19. This total includes $245.09 million for the General Fund, an 8.2% increase from the previous year, as well as $36.85 million for the Grant Fund and $7.16 million for the School Lunch Fund.
In mid-February, the City of Norwalk presented its recommended operating budget for FY2024-25 of $442.7 million. This includes a 4.46% increase for the city and a 4.5% increase for the Norwalk BOE.
The FY 2024-25 Tentative Approved Operating Budget for the Norwalk BOE is intended to maintain the same level of quality service and excellence currently expected by our students, staff and families. The continuation of necessary programs and retention of staff are of the utmost importance.
At the same time, we acknowledge the challenges beyond our control such as inflation, which impacts the costs associated with utilities, employee health insurance and out-of-district providers. We must also shift several items back under the local budget that were recently covered with federal COVID-19 relief funds, set to sunset later next year, and the one-time offset of $2.5 million from the city’s American Rescue Plan Act funds facilitated by Mayor Rilling to balance the FY 2023-24 budget.
The superintendent and her team look forward to further developing the FY 2024-25 operating budget that will ensure we continue to provide an excellent and equitable education to the children of Norwalk.