AUSTIN, Texas - Austin ISD faces a shortfall of more than $19.7 million, and the possibility of the TEA taking over if it does not get a grip on things.

While nothing has been finalized yet, the district is hosting a series of meetings to address parents' questions and gather feedback on its rough draft plan.

What we know:

The future of many Austin ISD schools is uncertain after several have not met state standards year after year. While others saw a decline in student enrollment, the district now has to make some difficult decisions.

"The budget deficit we have is growing," said AISD superintendent Matias Segura. "It is something that has not been able to be offset by any state funding or federal funding. And so if we don't tackle this together, we could find ourselves in a situatio

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