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Hudson School District warns of roughly $1 million shortfall as state special-education reimbursements fall
Summary
District leaders told the board a drop in state special-education reimbursement rates could reduce expected revenue by about $1 million this fiscal year and worsen multi-year budget projections, prompting a request for updated five-year forecasts.
Nick (role/title not specified) opened the meeting by telling the Hudson School District board that a change in state special-education reimbursements could produce a roughly $1,000,000 hit to the district’s budget this year and substantially worsen future projections.
Board members and staff said the district had budgeted assuming a roughly 42% reimbursement rate but that the state’s allocation methodology — distributing a fixed dollar amount rather than guaranteeing…
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