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Fiscal outlook: consultants tell Middletown board district is stable near‑term but faces out‑year risks
Summary
Municipal Solutions presented a multi‑year budget outlook to the board, noting current stability, a AA3 Moody's rating, potential state aid changes that could benefit the district, and out‑year fiscal risks tied to state aid and utility/retirement cost pressures.
Jeff Smith of Municipal Solutions told the Middletown City School District Board the district’s multi‑year budgeting places it in a relatively strong position now, while flagging fiscal risks beyond the next budget cycle.
Smith said the district has used multi‑year budgeting and strategic building‑aid timing to stabilize revenues and that Moody’s assigned the district an AA3 bond rating, a signal of…
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