Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
District finance chief warns of possible $6 million operations shortfall tied to state "circuit breaker" changes
Summary
Daniel Bolton briefed the School City of Hammond board that the district could draw down roughly $6 million from its operations fund this year because of projected state "circuit breaker" revenue impacts, while the education fund showed a modest February increase; trustees asked clarifying questions and accepted the report.
Daniel Bolton presented the School City of Hammond’s financial update through February 2026, telling the board the education fund rose from $24.3 million on Jan. 31 to $25.3 million on Feb. 28, while the operations fund moved from $19.1 million toward roughly $18 million.
Bolton said Title I operates on a reimbursement basis and noted a negative Title I balance of about $200,000 that the district expects to recover when state…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
