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Laconia School Board approves FY26 budget, taps $900,000 in reserves
Summary
The Laconia School Board voted 5-0 May 6 to adopt the fiscal year 2025–26 budget, approving a roughly 2.6% spending increase and a $900,000 withdrawal from reserve accounts to cover a shortfall caused by reductions in state adequacy and special-education funding.
The Laconia School Board approved the school district's fiscal year 2025'26 budget on May 6, voting 5-0 to adopt a plan that uses roughly $900,000 from district reserve accounts to cover a deficit created when state adequacy and special-education funding were cut.
The board and district administrators told the meeting that the adopted budget represents about a 2.6% increase over the current year after a multi-step effort to close the gap. The district combined personnel reductions, anticipated staffing changes, pre-purchasing of technology and supplies, and the one-time use of reserves to produce a balanced plan.
District officials said the revenue shortfall stemmed from a drop in…
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