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Milton schools project larger FY25 shortfall; committee to work with town on reserve funds and tighter spending controls
Summary
Finance committee reported that the FY25 deficit projection increased from just under $700,000 after quarter three to close to $1 million; the school committee will work with the town on reserve fund Article 1 and implement tighter PO and hiring controls for FY26.
The Milton School Committee’s finance update on June 4 said the district’s projected FY25 deficit has grown since the third quarter, and committee and district leaders described steps to work with the town to close the gap and tighten spending controls for FY26.
Finance members reported that the district’s projected deficit had been “just south of $700,000” after quarter three but, with late‑year costs, is now “closer to that million dollars,” reflecting additional expenses for spring sports stipends, substitute coverage, some transportation costs and unencumbered purchase orders that were not captured in earlier…
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