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Colonial School Board approves final FY25 budget after deficit spending, staff vacancies cited
Summary
The Colonial School Board approved the district's final fiscal year 2025 budget on Jan. 14 after hearing a presentation from Chief Operating Financial Officer Emily Falcon that outlined revenue shifts, continued deficit spending and planned strategic investments.
The Colonial School Board on Jan. 14 approved the district's final fiscal year 2025 budget following a presentation by Chief Operating Financial Officer Emily Falcon.
Falcon told the board the final budget reflects a modest revenue increase in some state allocations but continued deficit spending for FY25, noting the district has been operating under a board‑approved preliminary budget since the start of the fiscal year. "It takes us this long to get to the final budget because we do need to wait for enrollment to be certified," Falcon said.
The presentation summarized revenue and expenditure changes: local revenue rose about 1% year over year, federal revenue showed a roughly 12% decrease driven mainly by competitive federal grant projections, and discretionary state…
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