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School business officer flags $900K deficit but notes actuarial figure of $370K
Summary
The School Business Officer and superintendent presented a budget update showing a $900,000 projected deficit but cited an actuarial figure of $370,000 and said additional streamlining could reduce the shortfall.
During the Oct. 10 meeting the School Business Officer and superintendent presented a district budget update that displayed a $900,000 deficit but noted an actuarial calculation that reduced that figure to $370,000. The presenters told trustees that while the headline deficit is concerning, actuarial adjustments and further streamlining options leave the district with paths to reduce the shortfall.
Trustees heard the explanation as part of the information items; there was no formal vote tied to the budget presentation at this meeting. District leadership said they would continue exploring reductions and report back with possible options.
