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L'Anse Creuse board holds Truth-in-Taxation hearing, approves amended 2024-25 and 2025-26 budgets
Summary
After a required Truth-in-Taxation hearing, the L'Anse Creuse Public Schools Board approved a final amended 2024-25 budget and the original 2025-26 budget, following a presentation by CFO Cathy Coonan on revenue uncertainty and projected shortfalls.
The L'Anse Creuse Public Schools Board of Education opened a Truth-in-Taxation hearing June 23 and approved a final amended 2024-25 budget and the district's original 2025-26 budget after presentation and discussion by Chief Financial Officer Cathy Coonan.
Coonan told the board the hearing is required under the Uniform Budgeting and Accounting Act and said the district faces uncertainty from state revenue projections and other variables. She said the current fiscal year is projected to end with roughly a $6.9 million shortfall and the coming year is projected at a $3.9 million shortfall under current assumptions, although both figures may change as…
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