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Norwalk City School District schedules finance forecast after state funding cuts and enrollment declines
Summary
At its Jan. 13 meeting the Norwalk City School District board set a Feb. 10 forecast presentation and a Feb. 24 work session after hearing a treasurerreport that cited a $1,000,000 final building payment, a $350,000 reduction in state funding, and one-time changes from the CEP program that mask structural deficits.
At a Jan. 13 meeting the Norwalk City School District board scheduled a financial-forecast presentation on Feb. 10 and a follow-up work session on Feb. 24 to address an emerging structural deficit.
During the treasurerreport, the district reported a recent $1,000,000 final payment on the building project and said cash-flow pressures will require drawing investment funds to meet payroll. "We are continuing to spend more than we bring in," the treasurer said, calling…
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