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Superintendent and finance staff outline positive state budget proposal impacts, flag retirement uncertainties
Summary
District finance staff said the governor's budget proposal would increase the foundation allowance to $10,000 per pupil and could mean roughly $1.36 million more for Lowell if enacted; the board was warned that one‑time retirement funding included this year will end and retirement costs remain uncertain.
District finance staff discussed the governor's recently released budget proposal and its potential effects on Lowell Area Schools at the Feb. 10 meeting, calling the proposal generally favorable but cautioning the board about retirement funding changes that will introduce planning uncertainty.
"The foundation allowance increase proposal is to bring the foundation allowance to $10,000 per pupil," Missus Hodge told the board, adding…
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