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Milton projects $1.26 million FY25 deficit; possible state circuit-breaker funds could cut shortfall
Summary
Milton Public Schools reported a projected $1,259,298 deficit for fiscal year 2025 as of March 31; an estimated $488,000 in potential circuit-breaker supplemental funds could reduce the gap to about $770,000. The committee discussed substitute coverage changes and concluded the remaining six weeks of the school year would yield limited savings.
Milton Public Schools presented its third-quarter financial update at the April 23 school committee meeting, reporting a projected deficit of $1,259,298 as of March 31, 2025. Finance staff said the projection does not include a possible distribution from the state fiscal 2025 supplemental budget for special education “circuit breaker” reimbursements; if that money is distributed for FY25 the district estimates roughly $488,000 could be applied to reduce the deficit to about $770,000.
Why it matters: the projection helps the committee assess near-term choices…
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