The Gilbert Public Schools Governing Board approved the district’s first revised budget for fiscal year 2024-25 Feb. 4 with an increase of $5.57 million in the maintenance and operations budget limit and $5.58 million in unrestricted capital.
Although the district is not required to revise the budget at this time, GPS officials opted to do so following the final recalculation of the fiscal year 2024 budget. The revision reflects updated student counts, additional state funding and interest earnings that have bolstered the district’s financial outlook.
“After the final recalculation of FY 24, we find it beneficial to capture some of those new numbers,” said GPS Finance Director Jackie Mattinen, who called the news “exciting.”
