APS expecting $3 million budget surplus next year

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Albuquerque Public Schools says it’s expecting a surplus next year. 

The district received $638 million of state funding this year, but it’s now slated to get $725 million for the next fiscal year. 

Most of that funding increase will go towards mandated expenses like pay raises for teachers. That’s expected to leave about $3 million. 

The district hasn’t decided where that money will go.

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