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McGuffey finance director flags early $3 million shortfall in 2025'6 outlook
Summary
District finance staff told the board the preliminary 2025'6 outlook shows roughly $34 million in revenue against $37 million in expenditures, leaving an early gap of about $3 million; board members discussed possible millage increases, healthcare cost pressures and cyber/charter tuition impacts.
The district s finance director presented a preliminary budget outlook for 2025'6 that showed a material gap between anticipated revenue and projected expenditures.
As of the Jan. 31 snapshot the district had budgeted nearly $35 million in revenue for the 2024'5 year and recorded about $25.8 million as receivable to date. For the 2025'6 proposed budget the director reported estimated total revenue just under $34 million and projected…
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