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Board hears plan to close $7.7 million budget gap; city payments, state aid, and a short-term note discussed
Summary
Board members and staff told trustees the district faces a $7.7 million shortfall for the 2024–25 year and outlined options including pending city payments, requests for additional state aid and a short-term budget note to cover the gap.
The Mount Vernon City School District Board of Education was told April 1 that the district faces a $7,700,000 budget gap for the 2024–25 school year and is weighing a mix of state aid, a possible short-term borrowing plan and outstanding city tax payments to close it.
Acting Superintendent Veronica Smith and Jose (the district—s assistant superintendent for business) told the Budget & Finance Committee that projected expenditures for 2024–25 are about $280,000,000 against anticipated revenue of $273,000,000, creating the $7.7 million shortfall. Committee members said the district has requested additional state aid and sent a memo to the state education department and local legislators advocating…
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