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District outlines $724 million in expenses, $237 million for capital projects at second budget hearing
Summary
District staff presented the second public budget hearing showing $555 million in projected revenue, $724 million in expenses including $237 million for capital projects, an increased PHIP benefit and enrollment-driven teacher unit growth.
The Baldwin County Board of Education heard the district's second public budget presentation Tuesday, with staff reporting projected revenue of $555,000,000 and total expenses of $724,000,000, including nearly $237,000,000 slated for capital projects.
The budget presentation, given by Shane Martin, who spoke as a district staff member, summarized changes since the first hearing and explained why the district expects a large interim deficit: "The reason for the large deficit there obviously is the, the expenses that have been the revenue has been appropriated 1 year and expenses are gonna be, drawn down in another year. And mainly that is the, is the construction projects," Martin said.
Martin said the district's beginning fund balance was $359,000,000 and projected an…
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