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Vernon Board hears projections of steep state-aid and Medicaid reimbursement drops ahead of budget
Summary
District staff told the Vernon Township Board of Education that projected state aid could fall by about 3% across major categories—more than $500,000 for the district—and that Medicaid (SEMI) reimbursement revenue is expected to drop from roughly $117,000 to $11,000, creating a multi-hundred-thousand-dollar shortfall as the district finalizes its
The Vernon Township Board of Education was told Feb. 20 that the district is preparing for potentially large reductions in state aid and Medicaid-related reimbursement as it finalizes next year’s budget.
A district staff member told the board the state’s preliminary guidance indicates the largest possible cut districts could face is about 3% across four major categories, which for Vernon would total “a little bit over $500,000.” The same staff member said the district’s SEMI (Medicaid reimbursements for school-based…
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