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Caledonia projects shortfall; administration targets $2.7 million in cuts to meet fund-balance policy
Summary
District finance staff told the board the state revenue forecast has been revised downward and ESSER funds are ending, putting the 2024–25 budget at risk; administration proposed identifying $2.7 million in reductions to meet the board's 13% fund-balance target.
Caledonia Community Schools staff told the board on May 20 they anticipate tighter state funding and the expiration of federal pandemic-era (ESSER) dollars, leaving the district facing a potential deficit for 2024–25 and a need to find about $2.7 million in cuts to preserve board policy minimum reserves.
Mister Breese, speaking for the administration, said a state…
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