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Cabarrus schools told to plan for 4.5% cap; staff outline $4M-plus reductions to balance budget
Summary
District finance staff told the board that county commissioners may fund next year at about 4.5% rather than the district's requested 8.43%, and presented potential reductions totaling roughly $4.0–$4.3 million that would affect purchases, programs and possibly staff if not mitigated by state or county action.
Cabarrus County Schools finance staff told the board on May 4 that county commissioners have indicated they may fund only about a 4.5% increase for next fiscal year, below the district's 8.43% request. Phil Penn, who presented the monthly budget update, said meeting that reducing the request to 4.5% requires about $4.0 million in additional cuts beyond reductions already identified; an updated benefit-rate estimate raised the shortfall to "just under $4.3 million."
"Reducing the funding request to an increase of 4 and a half percent requires us to cut $4,000,000 just over $4,000,000 beyond the reductions that we've already taken," Penn…
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