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School committee debates Special Education reserve fund; votes to table plan
Summary
Business office presented steps to create a Special Education Reserve Fund under Mass. Gen. Laws ch. 40, §13E (2% cap ≈ $1.2M). Committee debated funding sources and overlap with circuit breaker and voted to table the proposal until fall capital requests meeting.
Jeff Frisco of the school business office explained the statutory path and practical steps for creating a Special Education Reserve Fund under Massachusetts General Laws chapter 40, section 13E, telling the committee such a fund allows "funds to be used without further appropriation for unanticipated, unbudgeted special education costs out of district tuition and transportation." He said the statute caps the fund balance at 2% of annual net school spending, which would be about $1,200,000 for Walpole.
Frisco walked the committee through creation steps (school committee vote,…
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