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Norwalk finance committee hears FY25 year-to-date report; mayor trims FY26 capital request to $6.9M
Summary
CFO Lunda Asmani told the Feb. 12 committee the district is tracking close to budget year-to-date; the mayor approved a reduced capital package of $6.9 million after timing adjustments for security, computers and curriculum purchases.
Norwalk Public Schools officials told the Board of Education Finance Committee on Feb. 12 that the district's general fund is tracking roughly in line with expectations seven months into the fiscal year, and they reviewed adjustments to the FY26 capital request after the mayor reduced the district's ask.
Chief Financial Officer Lunda Asmani said the district’s original FY25 general-fund budget was $233,360,000 and year-to-date expenditures total about $126.06 million. "This is about 3 and a half percent more than when we were last year," Asmani said, noting overall that the current budget is roughly 4% higher than the previous year.
Asmani outlined major spending buckets: salaries are at about 52% of budget year to date (the committee member noted a spreadsheet formula error in a displayed percentage), benefits are at…
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