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McGuffey School District approves proposed 2024'25 budget for public viewing amid $1M shortfall
Summary
The McGuffey School District board approved a preliminary 2024'25 budget for public inspection, showing about $36 million in expenditures against just under $35 million in revenue and an approximate $1.0 million deficit; the board reviewed millage-rate options and taxpayer impacts before voting to open the budget for 30-day public review.
The McGuffey School District Board on April 18 approved a preliminary 2024'25 budget for public inspection, after a detailed presentation showing roughly $36,000,000 in proposed expenditures and just under $35,000,000 in estimated revenues — a gap the administration described as about $1,000,000.
The finance presenter emphasized that federal COVID-era ESSER grant funds are nearly exhausted, reducing revenue estimates, while salary and benefit costs now account for more than two-thirds of…
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