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Elkhart schools project more than $12 million deficit without cuts; trustees briefed on bond plans
Summary
Finance director Miss Ross told the board that education and operations funds show pressures tied to wages and benefits; projections indicate more than $12 million in deficit spending for 2026 without $6 million in additional savings, and administrators said they are pursuing consolidation savings and potential bond issues with Standard & Poor's review.
Miss Ross presented the districtmonthly financial update on March 24, telling the board that a three-pay month contributed to a negative starting cash balance for February and that wages and benefits are driving a structural shortfall.
"We are expecting about an inflow across the education and operations of about $120,000,000. We expect an outflow of more…
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