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Five‑year projection shows budget gap; committee hears Medicaid gains, unresolved solar credit refunds and rising food‑service deficit
Summary
Coventry’s finance director and superintendent presented a five‑year projection on Dec. 12 that shows a funding gap if the local appropriation remains flat; the district reported higher Medicaid receipts, a disputed utility/solar‑credit refund over $100,000 and a growing food‑service deficit.
(Note: numeric details below are taken from the committee presentation and the district’s Q2 figures presented Dec. 12.)
Coventry’s finance director presented a five‑year MTP‑format projection on Dec. 12 prepared in response to auditor general requests and a pending joint meeting with the town council. The projection assumes a flat local appropriation (no increase) after 2026 — an assumption the auditor general requested to highlight any funding gap. Under those assumptions the district projects a funding shortfall that will require either new local revenue or reductions in spending.
Chris, the district finance director, and Superintendent Don Cowart highlighted areas driving the forecast: Medicaid reimbursements are trending above last year (the…
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