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East Hartford projects $346,000 in year‑end capital reserve; special‑education and out‑placement costs drive budget pressure
Summary
District finance staff presented the Q3 fiscal report projecting a $346,000 capital reserve, while noting $1.8 million in staff vacancy savings offset by increased out‑of‑district tuition and projected underperformance in Woodland revenue and other variable accounts.
A district finance staff member presented the board with the third‑quarter financial report, forecasting a year‑end capital reserve of $346,000 while outlining current budget pressures.
Staff said the projected capital reserve reflects a combination of staff vacancy savings (stated as $1,800,000, about 3.22% of the general budget) and other offsets. At the same time, student services were reported over budget by $291,000, and out‑of‑district special education…
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