Trustees of the Austin Independent School District will decide next week whether to declare that the district faces a financial crisis with a $7.1 million shortfall. That would allow superintendent Meria Carstarphen to cut jobs.
Carstarphen has recommended cutting 114 positions. The district said it expects a drop in property tax revenue of 8% in fiscal 2011 and 2% in fiscal 2012. If a district does declare a financial exigency, the Texas Education Agency will not guarantee its general obligation debt through the Permanent School Fund.