Financially Speaking

Financially Speaking

It seems like a no-brainer to predict that most school-district budgets are going to take a big hit because of the effects of COVID-19 on the economy.

3 min read

Creating the best mix of programs with less money to work with

It seems like a no-brainer to predict that most school-district budgets are going to take a big hit because of the effects of COVID-19 on the economy. How much less money is anybody’s guess at this point, but cuts and belt-tightening seem inevitable. Cities are facing much the same scenario: local tax revenues are plummeting, and budget cuts are the order of the day.

Thus, the two big questions facing community education and recreation programs now are:

  1. How many people will show up when “live” programs and services are offered again?
  2. How much will a department’s budget be cut?

These questions are related since departments depend, to some degree, on fees to fund programming; if participation drops, so will fee revenue.