Denver Public Schools is operating with a negative net position — owing more in long-term obligations than it holds in assets — a rare and troubling financial posture for a major Colorado school district, according to an audit.
Presented on Thursday, the audit for fiscal year 2024–25, which ended June 30, showed the district is carrying $4.07 billion in long-term liabilities. (For context, the district budget last fiscal year was about $1.5 billion.)
Total assets remained lower, even after the district added nearly $1 billion in unspent 2024 bond proceeds to its books — cash voters approved a year ago that had not yet been put to use…