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Board hears $1.1 million preliminary surplus, warned federal and state funding bills could squeeze future budgets
Summary
District staff reported an estimated $1.1 million surplus and a plan to use fund balance to offset taxes; board members and the NHSBA delegate urged attention to state legislation (including HB115 and HB675) that could reduce state funding or shift costs to local taxpayers.
The Oyster River School Board heard a financial update showing an estimated $1.1 million surplus for the current year and discussed how pending state legislation could affect future budgets.
The business administrator told the board the district is “in really good shape,” estimating about $1.1 million over current projections. Staff said the plan includes using $250,000 of fund balance to offset taxes and funding two warrant-article set‑asides totaling roughly…
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