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Board presents $3.8 million budget gap and unanimously opens Craven Virtual Academy closing procedure for fiscal reasons
Summary
Finance staff said proposed FY 2026–27 spending reductions total $1.48 million but the district still faces a roughly $3.8 million gap; the board voted to present the full funding request to county commissioners and simultaneously approved initiating a school‑closing procedure for Craven Virtual Academy to pursue potential program and allotment savings.
Craven County school leaders told the board they expect a roughly $3.8 million funding gap for the proposed FY 2026–27 budget after identifying $1.48 million in expenditure reductions.
Finance staff described actions already taken—position audits, zerobased and centralized budgeting—and outlined three high‑level options to close the remaining gap: (A) request additional county funding (recommended), (B) pursue further program and staffing reductions, or (C) use fund balance as a short‑term measure. Staff emphasized that option A would minimize classroom impacts while…
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