Superintendent: state ED279 formula changes shift funds, ease Raymond’s debt share
Superintendent said recent state ED279 funding changes will redirect adult-education subsidy into targeted allocations and remove a prior fiscal-capacity requirement that had required Raymond to pay about $330,000; the district will present a proposed FY2027 budget on Feb. 25.
The full story
The Wyndham Raymond School District superintendent updated the board on early developments in the proposed RSU 14 fiscal 2027 budget and preliminary state funding calculations. The district received its ED279 funding form last week; an initial review suggested about a $100,000 net reduction in state subsidy, but follow-up work showed the situation is more nuanced. "So in fact, we haven't lost the money. It's just gonna be coming in a different way," the superintendent said, summarizing a reclassification of adult-education funding that moves what had been a direct subsidy into a targeted allocation.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in