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Conestoga Valley finance staff present five-year outlook; board gives direction for a 2.5% proposed millage increase
Summary
Business manager told the board the district faces a roughly $4.2 million gap under current projections; after reviewing scenarios tied to state adequacy funding and possible cyber charter reform, the board directed staff to prepare a proposed budget using a 2.5% millage increase for the May 12 presentation.
District finance staff presented five-year projections and budget scenarios at the April 22 board meeting that show a projected deficit under current assumptions.
The business manager said revenues are currently about $91.2 million while total expenditures with staffing included are estimated at $95.5 million, a $4.2 million shortfall. She explained the district used scenario modeling to show…
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