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Board approves second reading of FY2025–26 budget with $527,828 deficit; administrators' raises, programs deferred pending revenue
Summary
The Newberry County School District Board advanced the FY2025–26 budget at second reading Wednesday, adopting figures that show a $527,828 projected gap to be covered by fund balance.
The Newberry County School District Board advanced the FY2025–26 budget at second reading Wednesday, adopting revenue and expenditure estimates that leave a projected shortfall of $527,828.
Finance director Olivia Dowd (presented as “Miss Dowd” in the meeting) summarized local and state revenue projections and planned expenditures. She reported total proposed expenditures of $75,661,899 and total estimated revenue of $75,134,071. “Total proposed expenditures at this time are $75,661,899. Total proposed revenue is $75,134,071,” she said.
Key budget items - State aid to classrooms (general fund): $26,678,749; EIA funds: $5,810,542; combined state revenue noted in presentation. - Local revenue (current operations taxes): projected $20,200,000 for…
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