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Committee chair reads statement saying district seeks multimillion-dollar increase amid shifting revenue projections
Summary
Committee Chair Elaine Maynard-Adams read a statement saying the Board submitted a budget requesting a $7,645,604 increase to the general fund and that updated projections, grants, and insurance-rate changes have altered the district's expected need; the minutes note a possible $925,000 state grant that has not been officially awarded.
At the April 24, 2025 Finance and Audit Committee meeting, Committee Chair Elaine Maynard-Adams read a prepared statement outlining the New London School District's FY26 budget submission and recent changes to revenue projections.
The statement said the Board of Education sent a budget to the mayor on March 15 requesting an increase in the general fund appropriation of $7,645,604. The chair said the district has since identified a potential additional state grant of $925,000 that has not yet been officially awarded and that final FY26 health insurance rates proved higher than earlier assumptions, which the district has adjusted for in projections.
The statement also noted several other projection shifts: small increases in two smaller grants, a possible deposit to the non-lapsing fund pending completion of the FY24 audit, and the legislature's Appropriations Committee releasing its budget on April 23, which the chair said does not contain additional ECS but might provide extra support for special-education costs. The minutes summarize the board's updated projection scenarios: the board's initial requested increase of about $7.6 million has been lowered in active projections to roughly $4.5 million (or $5.2 million under a lower FY26 city appropriation); using information as of April 23, the need was described as about $5.5 million. The statement repeatedly emphasized that projections can change daily.
Ms. Maynard-Adams also read that she and Ms. Hambey "walked out of the City Council meeting in protest" the previous evening. The minutes do not record any formal board vote on the statement; it was entered into the record as read. The committee adjourned at 6:33 p.m.
