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Verona Board reviews tentative 2026–27 budget, flags $1.2 million shortfall and possible staffing changes
Summary
The Verona Board of Education reviewed a tentative fiscal 2026–27 budget that relies on $701,000 of fund balance, an allowable health‑care adjustment and other offsets but still identified a $1.2 million remaining imbalance; the presentation warned of a roughly $483 annual tax impact on the average home and said the district may consider up to 13 position reductions.
The Verona Board of Education heard a detailed presentation on March 24 about the district’s tentative fiscal 2026–27 budget, which the administration said relies on a mix of state aid, local revenues and a one‑time use of fund balance.
Dr. Riley, who led the presentation, said the district’s general fund balance stands at $47,415,216 and that after initial modeling the budget showed a $3.1 million imbalance that has been reduced but still leaves about $1.2 million to address. He attributed much of the pressure to health‑benefit cost increases and a shortfall in extraordinary state aid for special education tuitions, saying the district had expected to receive roughly $1.2 million in…
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