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Middletown schools report $919,000 projected surplus, warn of adult-education grant cut and rising legal fees
Summary
The City of Middletown Board of Education’s budget committee heard Oct. 14 that the district projects a $919,000 surplus for the year but faces several budget risks, including high legal spending and a potential cut to the state adult education grant.
The City of Middletown Board of Education’s budget committee heard Oct. 14 that the district projects a $919,000 surplus for the year but faces several budget risks, including high legal spending and a potential cut to the state adult education grant.
"The surplus is made up of four different categories," said Natalie Forbes, the district’s executive director of finance, listing combined salaries, employee benefits, purchased services and supplies. Forbes said the employee-benefit surplus stems from city-provided benefit cost estimates that were higher than the city’s final confirmed costs.
The di…
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