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L'Anse Creuse board reviews midyear budget amendment showing a $7.6 million shortfall
Summary
District staff presented a midyear amendment for the 2024–25 budget projecting a $7.6 million shortfall driven by reduced revenues and higher expenditures tied to restricted funds and grant changes; administration said the amendment does not yet include staffing cuts for 2025–26.
Kathy (staff member) presented a midyear amendment to the L'Anse Creuse Public Schools 2024–25 budget that projects a $7,600,000 shortfall if current revenue and expenditure trends continue.
The amendment compares the original 2024–25 revenue projection of $144,900,000 with a revised projection of $144,065,000 and shows higher expenditures that together produce the projected shortfall. Kathy said the figures are projections at this point in time and noted several “wild cards,” including state funding assumptions, grant…
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