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Centennial SD finance committee advances budget timeline after federal, state funding updates
Summary
At its Nov. 13 finance meeting, Centennial SD staff reported preliminary federal and state funding changes, detailed October revenue/expense figures, and the committee moved to advance a budget timeline that includes a Jan. 27 decision point and a June 9 target for final adoption.
The Centennial SD finance committee met Nov. 13 to review preliminary state and federal budget developments, district finances through Oct. 31 and a proposed budget adoption timeline.
Presenter report and funding headlines: Presenter summarized early analyses of the newly approved federal budget and preliminary state allocations. Staff cited a $105,000,000 increase to basic education and a $40,000,000 increase to special education in the state-level headlines and noted modest changes to block grants. "$105,000,000 increase to basic ed, $40,000,000 increase to special education," the Presenter said, adding staff will clarify how those headline numbers translate to district allocations after attending a Pasbo/Intermediate Unit briefing.
Why it matters: Presenter told the committee these headline figures could affect the district's adequacy funding and charter-school chargings. Presenter said the state made…
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