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Wallingford officials say state special-education cuts drive $1.4 million deficit; district to tap reserve
Summary
District financial staff told the operations committee the district faces a roughly $1.4 million special-education shortfall after state reimbursement rates fell; the board asked staff for materials to support legislative advocacy and said it may use a 2% reserve to cover part of the gap.
Wallingford School District financial staff told the operations committee on Jan. 13 that a decline in the state reimbursement rate for special-education costs is the main driver of a projected $1.4 million deficit for the district.
District finance presenter Mr. Baron said the district’s January projection shows a $100,000 surplus this month only because staff plan to use money from the district’s special-education 2% reserve: “our projection… a surplus of a hundred thousand dollars, but that's utilizing some of our special ed 2% reserve money.” He said the overall surplus is down by about $38,000 from the prior month.
The report…
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