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District finance director warns of state funding formula changes and new restrictions
Summary
Sweetwater County School District #2 finance director outlined changes from the recent school finance bill—two-year rolling ADM, limits on decreases, shifts in reimbursements for insurance and special-education placements, and a 0.5 percentage-point retirement contribution increase—that will affect the district budget and reserve rules.
Katie Harder, the district finance director, briefed trustees on major provisions of the recently passed school finance bill and how they will affect local budgeting.
Harder said the state will begin calculating Average Daily Membership on a two-year rolling average beginning next fiscal year, a change that could drop district funding…
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