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District budget built on conservative 33% special education reimbursement assumption
Summary
Administration said the draft budget assumes a conservative special education reimbursement rate of roughly 33% and estimated that a rise to about 38% could reduce referendum reliance by $100,000–$125,000.
Administration told the Finance Committee the budget model uses a conservative special education reimbursement assumption of approximately 33 percent. Officials said that if the state reimbursement rate increased to about 38 percent, the district could reduce its reliance on referendum funds by an estimated $100,000–$125,000.
"If the state reimbursement rate increases to approximately 38%, the district could reduce its reliance on referendum funds by an estimated $100,000–$125,000," administration stated. Committee members asked administration to verify the reimbursement assumptions and include sensitivity analyses showing how changes in reimbursement rates would affect the referendum draw and overall budget balance.
