ST. LUCIE COUNTY, Fla. (CBS12) — St. Lucie Public Schools are facing a significant financial challenge as a recent drop in student enrollment has resulted in a $7 million funding decrease.

While district leaders are moving quickly to stabilize the budget, they are emphasizing that these adjustments will not come at the expense of current employees.

Despite the multimillion-dollar hit, Superintendent Jon Prince is reassuring staff that their positions are secure. “Nobody’s going to lose their job. Nobody is going to be laid off,” Prince stated. “You know, if we do do anything with any specific positions, we’re going to make sure that those people get a landing spot in a comparable position within the district.”

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The district is currently reviewing all expenditures to identify areas where money can be saved without impacting the classroom or personnel.

The $7 million shortfall represents a fraction of the district’s $523 million operating budget, and leaders are determined to keep the impact manageable. However, Prince noted that the planning process is still underway to ensure long-term stability.

“All of our decisions haven’t been finalized. We’re still considering some things because we need to make sure that we’re very conservative with our budget because we want to make sure that we keep the district in a healthy financial space moving forward,” Prince explained.

This marks the first time in over 15 years that the district has seen a decline in student numbers. Officials attribute the shift primarily to the Florida Empowerment Scholarship, which provides parents with funding to pursue private, micro, or home schooling alternatives.

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The financial landscape could see further changes following the recent passage of a Florida Senate bill that would make most charter schools eligible for tax funding. Under that legislation, funds would be distributed based on the specific number of students enrolled at each school.