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Madison School District announces soft spending freeze as $440,000 shortfall looms
Summary
The Madison Public Schools Finance Committee heard that special-education placements and winter storm costs could leave the district about $440,000 short of budget this year; district leaders announced a temporary "soft freeze" on nonessential purchases while staff pursue savings and prepare consent-agenda overages.
The Madison Public Schools Finance Committee was told the district faces a projected deficit of about $440,000 for the current year and senior staff announced a temporary "soft freeze" on nonessential purchases to limit further spending.
Dr. (presenter) told the committee the shortfall stems mainly from higher-than-expected special-education outplacement costs (about $245,000) plus roughly $120,000 in snow-related expenses and approximately $15,000 in repairs and maintenance overages. "If nothing changes ... we would trend towards $245,000 of cost beyond," Dr. said when describing the special-education projection. He added one remaining state payment for excess costs could reduce the…
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