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Elwood projects $2.3 million shortfall; board to review final 2025–26 budget March 27
Summary
Assistant Superintendent for Business Lorraine Dunkel told the board the district faces a roughly $2.3 million deficit after updated revenue and expenditure runs, citing a $115,000 reduction in state aid and a constrained 1.29% tax cap; special education, technology and BOCES costs remain to be finalized.
The Elwood Union Free School District is projecting a roughly $2.3 million budget shortfall for the 2025–26 school year, Assistant Superintendent for Business Lorraine Dunkel told the Board of Education on Wednesday.
Dunkel said the district has reduced its projected deficit from about $2.7 million to approximately $2.3 million through targeted reductions totaling about $360,000. She also reported that the governor’s current proposal reduced the district’s state aid by roughly $115,000 compared with earlier estimates.
‘‘We are still looking at a deficit of roughly $2,300,000,’’ Dunkel said, and noted the…
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