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Milford board hears five-year forecast as enrollment drop and $85-a-day per-student cost loom
Summary
Finance staff told the board that the district earned about $138,000 in January and roughly $1.7 million year-to-date in investments, reported a $2.4 million year-to-date deficit and warned that enrollment has declined from about 6,200 to 5,000 students, affecting state funding. Trustees were briefed on cash reserves and administrative-expenditure targets under House Bill 96.
The Milford Exempted Village Board of Education received a financial briefing and five-year forecast on Feb. 19 that highlighted both investment gains and enrollment-driven funding pressures.
Finance staff reported investment earnings of about $138,000 for January and roughly $1.7 million year-to-date, and described a year-to-date deficit of about $2.4 million compared with a previously projected deficit…
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