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Goshen budget presentation shows multi-year shortfalls; board told to weigh levy cap and reserve use
Summary
A business official laid out a five-year projection that showed a 2025–26 starting budget gap of $4.8 million, $1.8 million in cuts made and $3.75 million appropriated from fund balance; administrators warned reserves and capital plans could be strained without revenue changes.
Pamford Lambert, the district business presenter, told the Board of Education on Nov. 10 that Goshen faces budgetary strain over the next five years and outlined levy-cap mechanics and the district’s exclusions.
Lambert said the district began 2025–26 with a $4,800,000 budget gap, made $1,800,000 in cuts and appropriated $3,750,000 from fund balance to balance the current year. "In the current year, 2526, we started with budget gap of $4,800,000, and we did close that gap.…
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