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Members of the Fairbanks Board of Education and the Fairbanks North Star Borough Assembly met for a joint work session Monday where they discussed the future of education funding from
The full school board will vote in January on adopting the legislative priorities for the school district.
The Fairbanks North Star Borough School District’s preliminary budget for fiscal year 2025 was presented on October 3. The report detailed a dismal financial outlook on the future of funding
At its meeting Tuesday night, the Fairbanks North Star Borough School Board approved $232,051,943 budget for the fiscal year starting July 1. The original
“W e want to be able to stretch those dollars as much as possible, because, at this point we have no idea the depth and magnitude of the needs were going to have in helping students address the challenges that are going to come out of Covid.” He says $10,494,081 will go into the budget that starts July 1 this year. Another $8,125,827.16 will be used the following year. “ We’ll end up using some of CARES III, or the ARPA funds, next year. But the lion’s share will be utilized in FY 23, and possibly a little bit in FY 24.” This federal COVID relief was signed into law on March 11. ...