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Mineral Point board lays out $1.3 million referendum ask to shore up district finances
Summary
Superintendent presented Baird forecasts showing a multi-year structural deficit; the board will ask voters to authorize up to $1.3 million in recurring operational revenue but said it will levy only what is needed, likely about $700,000 next year under current assumptions.
The Mineral Point Unified School District board on Monday reviewed financial forecasts and approved outreach for an operational referendum that would authorize the district to exceed its revenue limit by up to $1.3 million on a recurring basis.
The superintendent told the board that without additional revenue the district projects steady deficits that could reach roughly $1.3 million in cumulative shortfall several years out. "If there is no successful referendum, we get out to the fiscal year of '28-'29 and we're looking at that being right around a $1,300,000…
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