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Whitman-Hanson budget subcommittee flags FY26 cash squeeze, eyes short-term borrowing
Summary
Interim staff told the Whitman-Hanson Regional School District budget subcommittee that FY26 reconciliations trimmed an expected shortfall to roughly $100,000 but that depleted reserves and timing of state assessments make July a cash‑flow risk; staff said they will discuss a revenue anticipation note (RAN) to bridge the gap.
Chair Ryan Tressell convened the Whitman-Hanson Regional School District budget subcommittee April 29 to hear a fiscal update from interim staff about the district’s year‑end position and near‑term cash risks.
Interim business director Matt Wells said the district’s FY26 reconciliation has tightened a previously projected gap: “Last month, it had kind of flexed up where I thought we were about $235,000 short. Now we’re down closer to about a $100,” he told the committee. Wells said the district can meet obligations through June but warned July will be the riskiest month because state and regional assessment receipts are scheduled after many warrants…
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