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Hudson finance director warns possible $1M special-education shortfall if state cuts reimbursement
Summary
Finance staff told the board the district budget is at risk if state special-education reimbursement falls from an expected 42% to about 35%, creating an estimated $1 million shortfall this fiscal year and compounding pressures in subsequent years.
Bonnie, the district’s finance lead, told the Hudson School Board that a proposed change in state special-education reimbursements threatens the district’s fund balance and long-term projections. "If it doesn't, we will have a deficit of about $1,000,000," she said, referring to the possibility that the state may fund special education at roughly 35% instead of the 42% the district…
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