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Five‑year forecast shows referendum lift but projects cumulative deficit; officials urge cautious planning
Summary
The Office of Accountability and Efficiency presented a five‑year forecast showing that referendum revenue and a $3.25 per‑pupil lift improve revenues but projected expenditure growth produces a cumulative deficit of about $145 million over five years.
The Office of Accountability and Efficiency presented a five‑year financial forecast for the Milwaukee School District showing that although referendum revenue and a $3.25 per‑pupil annual increase provide a revenue lift, projected expenditure growth outpaces revenue and produces a multi‑year shortfall.
Matt Chase of the Office of Accountability and Efficiency said the forecast incorporates the referendum and an annual $3.25 per‑pupil lift, and assumes a roughly 500‑student annual enrollment decline. Using those assumptions, the presentation estimated an increase in revenue of just under $155 million over five years and…
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