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MCCSC says two-year fiscal plan is making progress but warns SEA 1 could cut millions through 2031
Summary
At its November meeting, MCCSC trustees received a quarterly update showing progress toward a two-year fiscal balance plan while Chief Financial Officer Erwin warned that "SEA 1" could reduce projected revenue by roughly $30 million from 2026–2031 and create multi-year pressure on operations and referenda revenue.
Chief Financial Officer Erwin told the Monroe County Community Sch Corp board on the district's November meeting that the corporation has made measurable progress nine months into a 24-month fiscal strategy but is not yet balanced.
Erwin said actual revenue and expenditures through Oct. 31 have been folded into updated projections, and he cited the certified October student count (as stated in the presentation) and recent one-time bond proceeds as critical inputs. "We're making progress," Erwin said during his presentation, adding that the district continues to rely on one-time funds in the near term while pursuing structural expense reductions and revenue strategies.
Why it matters: Erwin presented a projection the district…
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