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Finance committee flags roughly $2.6 million FY27 shortfall; administration urges community input and cuts away from classroom
Summary
Finance staff told the committee the district faces an estimated $2.6 million gap for fiscal 2027 driven by personnel, charter tuition increases and maintenance backlog; administration recommended focusing cuts away from the classroom, phasing budgets and convening community and faculty meetings in December.
The Wallingford‑Swarthmore finance committee on Nov. 18 presented a detailed FY27 forecast and recommended steps to address a projected shortfall of roughly $2.6 million.
Ms. Mosley, presenting financial details, said the district’s taxable assessed value is about $2.6 billion and that Act 1’s base tax‑index for the 2026–27 year is 3.5%, constraining local revenue growth. Reviewing the FY26 general fund ($105,352,610.45), she said much of the budget has limited flexibility — for example, principal debt service and required contractual education service agreements — and that personnel and benefit costs are the largest drivers of future increases.
Ms. Mosley flagged several specific…
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