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District CFO warns funding gap, outlines referendum and fund transfers to cover special education
Summary
CFO Angie told the board that special education costs total about $58 million with state reimbursement at 32.4%, prompting a $35 million transfer from operating funds; the budget presentation also detailed voucher costs, declining enrollment, and projected mill-rate effects tied to an upcoming referendum.
The district’s finance team gave the Board a detailed preview of the 2024–25 budget and the near‑term referendum picture, highlighting special education costs, voucher payments, and how revenue limits and property‑value changes shape local taxes.
CFO Angie said Fund 27 (special education) carries a roughly $58,000,000 budget for services and staffing; state reimbursement covered about 32.4% of those unaidable costs last year — approximately $15,000,000 — leaving the district to transfer significant operating dollars into special education. “So this year in 24–25 we have $35,000,000 budgeted to transfer from…
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