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Board hears budget and benefits update as outplacement and custodial costs rise
Summary
Finance staff told the board the district has spent $85,930,904 (92.3% of budget) through March 31 and flagged over-expenditure pressures (outplacements, transportation, custodial RFP) and medical-benefits reserves of about $22.9 million; members pressed for clarity on fuel locks and custodial cost drivers.
The Cheshire Board of Education on Wednesday received a detailed financial update that underscored pressures in several budget lines and highlighted areas the district is watching as it finalizes next year’s budget.
Emily Taylor, presenting the financial report, told the board that as of March 31 the district had spent $85,930,904, which she said represented about 92.3% of the budget. Taylor flagged variances in major categories, including tuition for outplaced students, student transportation, textbook/software purchases and capital equipment, and said some over-expenditures are being offset by under-expenditures elsewhere.
Taylor said the district maintains a 60% hold on certain non-salary transportation accounts and noted the projected…
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