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Hyde Park presents rollover budget as starting point; board to review requests and state aid next
Summary
District leaders presented a rollover budget that would increase next year's spending by 3.68% if current programs and staffing continue; the administration will vet new requests through a rubric aligned to the strategic plan and expects final state aid numbers in March/April.
Superintendent and finance staff presented the district's rollover budget on Jan. 23 as the baseline for 2025'026 budget planning. The rollover shows the cost of maintaining current programs and staffing, with two primary automatic changes: contractual salary-step increases and an assumed 8% rise in health insurance costs.
Key figures and context
The 2024'025 budget was approximately $120.9 million. The preliminary rollover projection increases that figure to about $125.4 million,…
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