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Middletown schools report small surplus but warn baseline budget would rise 5.21%
Summary
Finance staff reported a current surplus of $301,403 on a $103,149,889 budget and a projected January salary surplus of $252,231. The superintendent said the district baseline (doing nothing) would result in a 5.21% operating increase, and warned that lower figures would likely require program cuts.
At the Jan. 13 meeting the Middletown Board of Education received a financial update showing a small overall surplus for the current reporting period and an early view of next year’s budget pressures.
Natalie, the finance presenter, said the expenditure statement reflected a $301,403 surplus — about 0.29% of a $103,149,889 budget — and a combined projected January salary surplus of $252,231 across certified, classified and paraeducator salaries. She said the employee‑benefit projected surplus decreased from about…
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