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Board-approved $3M state-aid assignment, ThoughtExchange rollout outlined in budget update
Summary
The New Haven School District's Finance & Operations Committee on Nov. 3 heard an update on budget mitigation that included an announcement that the Board of Elders approved a $3,000,000 assignment of state aid to the city's general fund balance for educational purposes, funds staff said will be available to the Board of Education only at the end of the fiscal year if needed.
The New Haven School District's Finance & Operations Committee on Nov. 3 heard an update on budget mitigation that included an announcement that the Board of Elders approved a $3,000,000 assignment of state aid to the city's general fund balance for educational purposes, funds staff said will be available to the Board of Education only at the end of the fiscal year if needed.
"I failed to announce or to actually, you know, the Board of Elders had did in fact approved, the $3,000,000 in additional state aid, to the general fund balance for educational purposes," Finance staff member Mister Hernandez said, adding that the money will remain on the city side and will only be released to schools at year-end if necessary.
Hernandez said the district remains about $3.78 million short after right-sizing measures and that the $3 million is intended to reduce that…
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