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ALBUQUERQUE, N.M. Meeting in a special Monday morning session, the Albuquerque Public Schools Board approved a budget for the FY 2021-22 school year of $1.868 billion, of which the district’s $811 million operational fund is the biggest piece.
The operational budget assumes $45 million more in expenditures than revenue due to declining enrollment, said APS chief financial officer Tami Coleman.
It also features a number of expenditure increases, including a 1.5% salary bump for all APS staff; a raise in the minimum wage to $11.50 an hour starting Jan. 1, 2022; an increase for appropriation of the Extended Learning Time Program; an instructional material allocation increase; and continuation of the federal Families First Coronavirus Response Act Leave Program.