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Fort Atkinson board hears budget projection showing shortfall for 2025-26
Summary
At its Jan. 16 meeting the Fort Atkinson School District board heard a financial projection from Director of Business Nathan Knitt that shows declining enrollment, assumed cost increases (including a 5% salary forecast and 12% health insurance increase) and a projected deficit for 2025-26. No formal action was taken.
The Fort Atkinson School District Board of Education on Jan. 16 heard a financial projection from Nathan Knitt, the district’s director of business, that forecasts a budget shortfall for the 2025-26 fiscal year and steeper deficits after the current operational referendum expires.
Knitt told the board the projection incorporates a 7-year enrollment trend (the district’s 2024-25 head count was 2,190, measured on the third Friday in September), a $325-per-pupil increase under the state revenue limit, a 5% wage assumption for 2025-26 (with 3% CPI and a 2% market adjustment assumed inside that…
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