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District finance update: officials warn state scholarship growth and home‑education shifts could cut district revenue by roughly $4.4 million
Summary
District finance staff told the board the surge in Family Empowerment Scholarship use and increased home‑education enrollment contributed to a significant revenue shortfall in the district's early calculations; staff said they will monitor spending and return with budget adjustments ahead of next fiscal year.
School district finance staff told the board the early 2025 funding calculations show substantial fiscal impact from expanded use of the state Family Empowerment Scholarship and an increase in home‑education enrollment.
Miss Wilson, the district's finance staff member who presented the update, said the district's cash and investments were "just a little under $95,000,000" at the January snapshot and that about two‑thirds of funds were invested. She warned the board the most recent state calculation reduced the district's projected revenue: "Citrus County overall,…
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