Seattle Public Schools said today in a press release that they may face a $74 million deficit since the Washington State Legislature restricted the amount the district can collect from levies, even those already approved, and by not fully funding the district.

"The Washington State Legislature’s failure to adequately address public education funding may result in a significant budget shortfall next school year. In 2017-18, the district’s ability to serve students in the way they deserve will be challenged. Unless the Legislature takes appropriate action to address school funding, the district has a projected deficit of approximately $74 million for the 2017-18 school year. This is the largest budget deficit we have faced since the late 1970s and has the potential to erode many of the programs, supports and services students are currently receiving," the district said in the release.

While noting that there is still time to change the situation, SPS said, "Because Legislative action is uncertain, we must plan for a worst-case scenario for our 2017-18 budget. Seattle Public Schools values our staff, our students and our families. The district is committed to educational excellence for every student. Closing the $74 million gap will be the most difficult challenge we’ve faced in decades. Right now there are many unknowns. These unknowns will cause challenges and disruptions to the good work that our schools, educators and central office staff are doing. SPS will be working closely with labor leaders, the Seattle Council PTSA, the City of Seattle, and community partners to ensure our community is informed and have opportunities for budget input. In December, the Seattle School Board will be reviewing additional areas of the budget to reduce, including non-staff and staff costs. The worst-case scenario budget will be complete on January 11. Budgets will be provided to schools in February to begin the school-based budgeting process."