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Select board moves $700,000 from special-education reserve; Milton schools outline next steps
Summary
At a Milton School Committee meeting, members discussed the select board's decision to transfer $700,000 from the special-education reserve into the town reserve to address a projected FY25 deficit, the limits on accessing that money, and proposed governance and consulting actions to reduce future fiscal volatility.
The Milton School Committee on Thursday reviewed a decision by the town's Select Board to transfer $700,000 from the district's special-education reserve account into a town reserve intended to shore up the current-year shortfall.
Committee members said the select board approved moving $700,000, not the $1 million the committee had requested, and they discussed procedures and risks tied to accessing those funds before the fiscal year ends.
Committee members said the action gives the town some flexibility to address an FY25 deficit but leaves $300,000 remaining in the special-education reserve. The committee's presentation to the select board had sought the full $1 million to provide more cushion; the select…
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