To see if the School District will vote to raise and appropriate $50,000 to be added to the existing
Special Education Expendable Trust Fund, with up to $50,000 to be funded from the June 30, 2019 unassigned fund balance available for transfer on July 1, 2019. No additional amount to be raised from taxation. (Majority vote required.)
What it means: The Special Education Expendable Trust was established for the purpose of covering unanticipated costs. It is beneficial to replenish the Special Education expendable trust to safeguard and mitigate future unexpected costs.
Those in favor say: Funding for special education continues to present fiscal challenges to the district. Funding for the Special Education Expendable Trust comes from any potential available year-end fund balance, and is not raised via additional taxation. Trust Balance (as of 12/31/18): $258,041; Target Balance: $300,000
Those against say: No one spoke against this Article at Deliberative Session.
Fiscal Impact: There is no tax impact because the money was appropriated in prior tax years. This Article is allowing the withdrawal of the money from the fund for the specified purpose.