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Committee hears FY27 budget primer; members press on revolving funds and hold-harmless risk
Summary
Administrators previewed a level-service FY27 budget, warned of health insurance and special-education cost increases, proposed reducing reliance on constrained revolving funds, and asked the public to attend a Feb. 10 budget hearing. The committee endorsed a Chapter 70 funding letter.
Franklin School Committee members reviewed a primer on FY27 budgeting and probed district leaders about constrained revenue sources and reliance on revolving funds.
Budget presenter "Miss Valani" told the committee the FY26 budget closed at $78,300,000 and that the district began FY27 with approximately a $2.1 million level-service shortfall. "The foundation of our FY27 budget is a level service baseline," she said, adding that major cost drivers include a projected 14% increase in health insurance and rising special-education tuition and transportation costs.
Valani said the district relied heavily on revolving funds to close a FY26 gap but is…
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