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Assistant superintendent: District absorbed $100,000 Title I loss and projects a small surplus
Summary
Swampscott assistant superintendent of finance and operations reported the district absorbed a $100,000 Title I funding loss but currently projects a small year‑end surplus; special education is over budget by about $414,000 and school facilities face nearly $200,000 in additional costs driven mainly by electricity at Swampscott Elementary.
The Swampscott School Committee heard its first‑quarter FY26 budget projection on Oct. 23, in which the district reported it had absorbed a $100,000 loss in Title I funding and now projects a modest year‑end surplus.
Assistant Superintendent of Finance and Operations Miss Stella told the committee that, after accounting for the Title I reduction, districtwide projections show a small surplus. She said administrative salary reserves moved into the proper cost centers after recent…
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