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Finance committee warns of budget uncertainty, eyes prescription self-insurance and regional learning center
Summary
Finance committee member Garrett warned of flat federal aid and state aid delayed until March 12, reported prescription costs pushing the districts insurance prescription ratio above 100%, and said the district is evaluating self-insuring prescriptions. He also reported gym-floor bids, referendum updates and plans to explore an in-house regional learning center.
Garrett, speaking for the finance committee, told the board the district is preparing for "flat funding for federal aid" and that final state aid figures are expected March 12, forcing the finance team to hold an additional meeting once numbers arrive. "By the time our budget is due, we need to have an estimate from our present broker," Garrett said, and the board will use that estimate to decide whether the district can move to self-insure prescription…
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