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Quarterly report: Stoughton schools project near-million-dollar year‑end shortfall but expect state offsets
Summary
District staff reported a projected year‑end deficit of about $941,000 and identified potential state reimbursements and grant adjustments that could mitigate the shortfall.
District finance staff told the school committee the district projects a year‑end deficit of roughly $941,000, driven by unbudgeted staff changes, higher substitute and paraprofessional costs, curriculum purchases and unplanned capital items. School officials said several state and federal funding streams may offset much of the gap.
Why it matters: A year‑end deficit at the district level can affect next year’s budget planning and require transfers or reserve draws if offsets do not materialize.
Key figures and drivers: Business manager Heidi Perkins told the committee the report shows estimated unencumbered expenses yet to be entered of about $440,000 and estimated…
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