Adams 12 Five Star Schools must cut $27.5M from its budget; plans to cut 150 positions
In a release, the district said more than 88% of its budget is spent on salaries and benefits, so 150 positions will be cut across the district. Reduced state funding, the conclusion of COVID-19 relief money, increasing costs of benefits and changes in enrollment averaging led to the deficit.
10 high school coaches in Fort Collins terminated after 'violation of district policy'
'I am angry and sad that we find ourselves in this position because we live in a state where so many stubbornly deny hard facts about how inadequate our school funding system is,' Superintendent Chris Gdowski said. 'I am committed to doing everything I can to bring future changes to our state's broken school finance system.'
Some of the cuts were already made. Those staff members received notifications on Thursday. The second round of layoffs will be announced in April.
In a letter linked on the district's website, Gdowski outlined the positions that will be cut or reduced. Among them is the teacher librarian role in all elementary schools, K-8s and middle schools.
'We will take steps to keep libraries open for most of the school day, but recognize we'll be without the expertise these staff provide in the use of library materials and technology,' Gdowski wrote.
Aurora teacher left for dead after being hit by car on e-bike, suspect still on the run
Gifted and talented advocates will also be eliminted. Gdowski said instead, the district will set aside a pool of money to 'support student enrichment and growth opportunities for gifted and talented students.'
Here are the other reductions Gdowski listed in his letter:
The number of academic interventionists supporting students behind in meeting literacy and math benchmarks.
The number of social-emotional specialists in Title I elementary schools.
Some art, music and physical education staffing in eight of the district's smaller elementary schools. Teachers will be shared among some schools so students will still have access.
Some teachers, meaning some classes will be larger.
Twenty-two Educational Support Center positions
In a webpage, the district provided details about why the budget deficit is so large, citing lower enrollment which drives funding. The state is proposing a change to district enrollment funding — using a four-year average, rather than a five-year average.
Superintendent Gdowski said Adams 12 is not wasteful, nor inefficient.
'I know that we spend just 6.3 percent on school and district administration each year — one of the lowest rates in Colorado and the country,' Gdowski wrote in a letter posted to the district website. 'I know that we're lagging behind neighboring school districts like Boulder Valley and Westminster by $60 to $90 million per year in supplemental override revenue. And I know that as a state we are substantially behind most of the country in K-12 funding.'
He said a pair of recent studies found that Colorado is '$3.5 to $4.1 billion behind the funding level needed to provide an 'adequate' education to all students.'
CO legislators call for resignations of members of Signal chat that planned missile strikes
'If we had that funding, our budget would be 70 percent larger than it currently is — and I wouldn't be sending this letter,' Gdowski wrote. 'The positions and services that we're cutting are far removed from the 'waste and inefficiency' rhetoric. We will be without 150 outstanding administrators, educators and support staff colleagues next year — and it doesn't have to be that way.'
He advocated for 'honest conversations, starting at the state level, about the unmet needs and gross inequalities in resource allocation caused by our current school funding system.'
On March 18, the Colorado Governor's Office released a fact sheet detailing Gov. Jared Polis' school finance formula. The office said his proposed budget would increase education funding by $138 million in a budget year and average per-pupil spending by another $388.
'It is not a cut, and the Governor would oppose any cuts to education,' the Governor's Office said. 'This responsible budget increase during a year in which almost all sectors are taking a hit aims to fund students based on where they are learning, instead of through an arbitrary multi-year average.'
On the district website, a list of specific cuts to areas of the district was provided.
Educational Support Center: 22 full-time equivalent positions totaling $3 million and another $1.2 million reduction in operating costs. Learning Services, the largest budget in the ESC, will be reduced by approximately 9%.
Overall, ESC reduction is approximately 6%
Elementary: Reduction of $8.5 million, approximately 10%
K-8: Reduction of $1.5 million, approximately 7%
Middle: reduction of $2.9 million, approximately 7%
High: Reduction of $4.1 million, approximately 7%
Alternative: Reduction of $1.3 million, approximately 7%
Enrollment reserve reduction: $0.6 million or 6 full-time equivalent positions
The district also provided a full budget reduction plan in Google Sheets, accessible here.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
21 minutes ago
- Business Wire
AM Best Affirms Credit Ratings of Saudi Arabian Insurance Company B.S.C. (c)
LONDON--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of 'bbb-' (Good) of Saudi Arabian Insurance Company B.S.C. (c) (Damana) (Bahrain). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Damana's balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management. The ratings also factor in the neutral impact from Damana's ultimate parent, Mawarid Holding Company. Damana's balance sheet strength assessment is underpinned by its risk-adjusted capitalisation, which was at the very strong level as at year-end 2023, as measured by Best's Capital Adequacy Ratio (BCAR). AM Best expects BCAR scores to have recovered substantially to the strongest level in 2024, and year-to-date 2025, following the disposal of a large equity holding. Damana's investment portfolio is now largely conservative and consists mostly of cash and deposits. An offsetting factor to the assessment is the company's reliance on reinsurance for high-value risks, which is a common trait in the region; however, credit risk is minimised by a panel of sound credit quality. Damana's operating performance is assessed as marginal. The company has struggled with negative underwriting results for several years due to high expenses arising from its operating model and substantially reduced business scale. Loss ratios have also been affected by material events, such as the COVID-19 pandemic and the 2024 Dubai floods. Year-on-year improvements in the expense ratio have led to reductions in combined ratios from their peak of 148% in 2021, though underwriting operations remain unprofitable. Over the medium term and as the business continues to grow into its expense base, underwriting results are expected to trend towards profitability. Investment returns supplement performance, with Damana generating solid returns from its conservatively invested portfolio. Damana has seen business volumes steadily increase year-on-year since it suffered a reduction of revenues in 2021, following regulatory restrictions imposed by the Central Bank of Bahrain on the company's operations within that country. AM Best expects this trend in revenue growth to continue into the next few years, supported by Damana's renewed focus on new lines of business beyond its core lines of motor and medical. This strategy does expose Damana to execution risk given the challenging and competitive conditions in its core markets of Bahrain, the United Arab Emirates, Oman and Kuwait. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.

Yahoo
21 minutes ago
- Yahoo
Avis Budget double-downgraded: 'Fundamentals don't support valuation'
-- Bank of America cut its rating for Avis Budget (NASDAQ:CAR) Group to Underperform from Buy in a note on Wednesday, warning that the company's fundamentals and industry backdrop do not justify its current share price. 'We think that CAR fundamentals and the macro environment don't support the current stock price, which significantly outperformed the market in June,' BofA analysts wrote in a note to clients. The firm lowered its price target to $113 for the stock, down from $120. BofA flagged 'pricing and demand pressures in the U.S. which negatively affects CAR's earnings power in 2H25/2026.' The analysts said a survey the bank conducted shows fewer consumers plan to increase travel spending in the next three months compared to 2024. 'This should translate into a soft pricing environment,' BofA wrote, adding that tariffs could further weaken demand in the second half. The bank acknowledged recent initiatives such as Avis First, aimed at the premium segment, and a fleet management partnership with Waymo. 'We see these developments as positives, and they speak to the fact that CAR is a strong operator. However, we don't expect these initiatives to have a significant effect on earnings in the near term,' the analysts said. Vehicle depreciation remains a swing factor. 'Although this is a potential tailwind, we believe that the effect may not be as large as thought,' BofA said, noting the current environment differs from the Covid period. The bank cut its 2025 and 2026 EBITDA estimates to $0.9 billion and $1.03 billion, respectively, and lowered its valuation multiple. 'We cut our PO to $113 from $120, valued on 7.5x EV/EBITDA 2026,' the analysts wrote Related articles Avis Budget double-downgraded: 'Fundamentals don't support valuation' If Powell goes, does Fed trust go with him? 7 Undervalued Stocks on the Rise With 50%+ Upside Potential

Yahoo
21 minutes ago
- Yahoo
BofA downgrades Novavax stock on vaccine uncertainty
-- Bank of America cut its rating on Novavax (NASDAQ:NVAX) to Underperform from Neutral and lowered its price objective to $7 from $9, saying recent gains in the shares have overrun a still uncertain outlook for the company's COVID-19 and flu vaccine programs. Analysts said that while Novavax has executed well on cost cutting and operational cleanup, they see limited revenue upside near term. They noted that commercialization of its COVID vaccine Nuvaxovid by partner Sanofi (NASDAQ:SNY) may be slow due to a restrictive U.S. label and fading pandemic demand. The bank also said new FDA guidelines could make it harder and costlier for Novavax to sign new partners for its combined COVID/flu vaccine program. BofA forecasts slowing overall revenue, estimating about $1 billion in 2025, slightly below the company's guidance. It expects longer-term COVID sales to taper as variant shifts require more studies, and cut its peak market share estimate for Nuvaxovid to 14% from 18%. The analysts said the company's vaccine platform still has potential but requires more external validation, with platform licensing or partnership deals representing the main upside risk to their view. COVID opportunity is largely priced in, according to analysts warning that consensus revenue estimates may still be too high for the coming two years. Novavax shares had risen recently as funding cuts hit mRNA competitors, but BofA said that tailwind now looks temporary Related articles BofA downgrades Novavax stock on vaccine uncertainty Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data