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District finance team outlines state aid outlook, reserves and tax‑cap factors
Summary
Assistant superintendent for business presented preliminary state aid runs, revenue sources and a tax‑cap framework; trustees discussed reserves, potential applied fund balance and the governor's proposed universal free meals program.
The district's business office presented a high‑level outlook on revenue and state aid, reviewed reserve balances and explained the tax‑cap calculation trustees will use as they begin budget work for 2025–26.
Why it matters: projected state aid and use of reserves directly affect the local budget, the tax levy limit and program decisions such as curriculum purchases, contingency staffing for special education and transfers to capital projects.
Assistant superintendent for business Natalie presented the district's preliminary state aid run, noting a proposed statewide foundation‑aid increase and an estimated $1.7 billion increase in the governor's executive proposal. She cautioned that the district's own aid runs can change as census and…
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