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School committee approves five‑year projection, hears finance update showing modest projected surplus
Summary
Committee approved a five-year budget projection built on a conservative 2% personnel assumption after receiving an October financial update showing revenues currently ahead of expenses; Medicaid reimbursements were noted as lagging early but rising in November.
Coventry — The Coventry School Committee voted unanimously on Dec. 11 to adopt a five-year budget projection using a conservative 2% annual increase assumption amid incomplete action on the teachers’ contract by the town council.
Chris, the district finance presenter, reviewed the monthly financial report through October and told the committee Medicaid reimbursements were running below budget early in the fiscal year: "Medicaid…seems a little low. It was at…
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