Revenue loss unforeseen at Town Meeting dismays school districts - VT Digger

Many school districts passed aggressive school budgets at Town Meeting, just days before the coronavirus business slowdown struck. Now they’re wondering how to cope with plunging March and fourth quarter revenue.

"Budgets approved by voters over Town Meeting week had schools on track to spend an additional $73 million next year. Now, with state revenues evaporating at a rapid pace, many Montpelier decisionmakers say some sort of reckoning is in the offing. “We hope to have plans in front of you as early as next week,” Vermont Finance Commissioner Adam Greshin told the Senate Finance Committee Thursday. “The options are going to be varied. Some of them are going to be ugly, some of them are going to be not so ugly.”



Read the Full Story at:

(click logo to be directed to the story)

 

Comment Below... And find more stories on Water Cooler


Be the first to comment

Please check your e-mail for a link to activate your account.