The Dallas School Board reviewed finances as its general fund balance fell to $10.65 million below zero at the end of the 2024-25 school year, according to the audit it ratified. PFM Financial Advisors' Melissa Maze warned that the deficit could leave the district unable to meet payments early in the year and suggested long-term debt, such as a lease-sublease financing. Four options range from $15 million to $17.5 million over 20 years, raising projected cumulative debt service from about $65.83 million to as much as $102.37 million. Maze stressed that borrowing only buys time, and the district must keep cutting costs and raising revenue after property taxes rose a cumulative 13.34% over the last three years. Superintendent Thomas Duffy said the debt would be one part of recovery, with a deal closing by January at the earliest.
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Original headline: Dallas School District eyes long - term debt to deal with deficit
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