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FY 2025 Budgetary Risks and Unknowns <br />●Chapter 70 State Aid - impact of State <br />revenue and October 2023 Enrollment on <br />Ch 70 Allocation funds; In FY 2024 the <br />Town received a windfall increase of <br />$2.55M, a more modest increase of <br />approximately $400K is anticipated for FY <br />2025 <br />● Expiration of all District ESSER and ARPA <br />grant funds requires either absorption of <br />grant funded activities into the operating <br />budget or cessation of those activities <br />● Circuit Breaker - impact of State funding <br />resources to maintain CB Reimbursement <br />Rates - FY25 Budget assumes 75% <br />consistent with actual rates received <br />● Federal 94-142 Grant Aid - Special <br />Education allocations driven by enrollment <br />and set-aside <br />7 <br />●Lingering Impact of COVID-19, including <br />impacts on student enrollment and staff and <br />managing the impacts on academic success <br />and social emotional issues <br />●Will FY25 enrollment continue to stabilize <br />and will incoming students require additional <br />services in same fashion as in FY24 <br />● CPI inflation adjustment on expense <br />accounts is 3.5% for FY 2025 vs. 0% in FY <br />2024; After two years of unusually high <br />inflation rates increased need to manage a <br />leaner budget <br />● Impact of a lean FY25 budget on future <br />turn-back and FY26 and future budgets