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Finance subcommittee reviews FY26 spending, early FY27 scenarios and reserve policy
Summary
The North Middlesex Regional School District finance subcommittee received an FY26 spending update showing staffing near projections, a possible $100,000 transportation shortfall offset by tuition changes, and discussed FY27 modeling and a proposed fiscal reserve (DIB) policy that would target a ~3% reserve and limit midyear use of E&D.
The North Middlesex Regional School District Finance Subcommittee met Dec. 1 and heard a year-to-date budget update as administrators began preparing FY27 scenarios.
Nancy Haines, an administration representative, told the committee there were “no major changes from the last report.” She said district staffing was roughly in line with projections — about 425.35 full-time equivalent positions versus 429 budgeted for FY26 — and that she was watching several pressure points, including out-of-district transportation and substitute-teacher lines.
Haines said October actuals suggested a roughly $100,000 shortfall could emerge in out-of-district transportation if ridership continues as projected, but that tuition revenue was running higher…
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