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Region 15 finance committee: state excess‑cost reimbursement at 60% creates roughly $480,000 shortfall
Summary
Financial Facilities chair Shannon Cavallo told the board the state notified districts the excess‑cost reimbursement rate would be about 60% for the most recent cycle, below the district’s conservative 65% assumption, creating an approximate $480,000 revenue shortfall against expectations.
Shannon Cavallo, chair of the Financial and Facilities Committee, told the Region 15 Board of Education on Jan. 3 that the Connecticut Department of Education informed districts the excess‑cost special‑education reimbursement rate would be approximately 60% for the latest cycle. The district had budgeted a conservative 65% and earlier state commentary had suggested higher reimbursement; the lower rate reduces anticipated revenue by roughly $480,000.
Cavallo said the state allocates…
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