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New Haven schools report narrowed FY25 deficit, launch contract-vetting to curb costs
Summary
District finance staff reported a $4.44 million general-fund shortfall for fiscal 2025 that drops to about $1.44 million if the city’s $3 million contingency is applied, and described new mitigation steps including a contract-vetting committee and vacancy tracker.
New Haven Public Schools financial staff told the Finance & Operations Committee that the district ended fiscal year 2025 with a reported general-fund deficit of $4.44 million and outlined steps intended to limit future shortfalls. The committee heard that a $3 million contingency from the city would reduce the deficit to about $1.44 million.
The district’s financial presentation covered three items: actual spending through August, an analysis of grants, and year-end FY25 results. "The total expenditures through August were $17,100,000," the presenter said, and "the general fund through August ended with $11,500,000 of…
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