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Francis Howell officials present budget amendment and warn of multi‑million state revenue shortfall
Summary
District finance leaders recommended a $457,003.14 expenditure amendment and warned that a governor’s proposal to pause a planned increase to the state adequacy target would reduce future revenue for the district by roughly $3.2 million annually, shifting long‑term fund‑balance projections downward.
The Francis Howell R‑III Board of Education received a finance update Feb. 20 that included a recommended $457,003.14 increase in expenditures and new projections showing the district could lose about $3.2 million a year if a planned increase to the state adequacy target does not occur.
The district’s director of finance, Julie Walsh, told the board the recommended amendment reduces the estimated fund‑balance percentage for June 30 to 29.54% from 29.78% — a 0.24 percentage‑point change. “The total recommended increase is $457,003.14,” Walsh said.
Walsh said…
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