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Board discusses operating referendum options as a tool to close growing funding gap
Summary
District financial advisers presented operating referendum mechanics and three illustrative levy options; board members asked about breakeven points, enrollment projections and timing, with no vote taken. Staff will include referendum scenarios in the preliminary budget process.
Stewartville Public School District staff and their financial adviser briefed the board Feb. 23 on operating referendum basics, timing and illustrative revenue scenarios to address a growing per‑pupil funding gap.
Staff summarized the district’s fiscal shortfall and explained that an operating referendum can be scheduled in November and…
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