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Madison Public Schools finance committee reports new savings, proposes line transfers to cut special-education shortfall
Summary
District finance staff reported updated projections and proposed several line-item transfers (including $80,000 toward special education and $40,000 from athletics for transportation) after identifying savings across HR, workers’ comp, tuition and other accounts; the transfers will be considered at tonight's board meeting.
Madison Public Schools finance staff on Thursday presented updated budget projections and proposed a set of line-item transfers aimed at narrowing a year-end shortfall, particularly in special education and transportation.
Finance staff told the committee they are maintaining a "soft freeze" on larger school purchases while allowing necessary low-cost spending, and that ongoing reviews of HR and other accounts have freed funds to redeploy. "We have continued to have in place basically a soft freeze with the schools," the chair said, describing the tighter purchase review process.
Staff reported roughly $70,000…
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