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COVID-19’s Potential Impact on PCPS’ Budget

COVID-19’s Potential Impact on PCPS’ Budget

For Schools, Legislative, News, Reopening
Breaking news from Polk County Public Schools

At today’s School Board work session PCPS Chief Financial Officer Michael Perrone gave a look the potential impact of the COVID-19 pandemic on the district’s budget. You can see the presentation in the video below:

Key points:

  • The state ended fiscal year 2020 with a net revenue loss of approximately $1.9 billion. Losses of approximately $3.4 billion and $2 billion are expected in fiscal years 2021 and 2022, respectively.
  • If the state’s loss is distributed to school districts proportionately, PCPS stands to lose $46.6 million in fiscal year 2021.
  • The district has spent more than $5 million on COVID-related expenses, including personal protective equipment and sanitation supplies.
  • At this point, no salary reductions are being considered and no layoffs are anticipated.
  • PCPS will be posting updates about the fiscal impacts of the pandemic to our website, polkschoolsfl.com.