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Harford County schools project deficit in operating categories as fund balance shrinks after one-time settlement refund
Summary
Harford County Public Schools officials forecast an operating shortfall driven by rising special-education costs and an unbudgeted textbook purchase, and plan to use one-time revenue from a county rate-stabilization refund to avoid overspending state budget categories.
Harford County Public Schools officials told the Board of Education at its Feb. working session that the district projects operating expenditures will exceed the adopted budget for fiscal year 2025, largely because of special education costs and a recent large textbook purchase.
Deborah Judd, assistant superintendent for business services, presented the quarterly financial report for the period ending Dec. 31, 2024, and said the projection “does not include the impact of the snow that we've had since January 1” and “so it will, unfortunately, negatively affect us a little bit.”
Judd said the district currently anticipates about $4.9 million in additional revenue compared with the adopted budget — “mainly due to interest revenue and also for $3,000,000 that the county government sent from our rate stabilization fund related to our settlement with CareFirst.” At the same time, she said, expenditures are “projected to be over what we budgeted by $1,900,000,” driven primarily by special-education costs,…
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