Warrant Article of the Day
As we ready for Town Meeting on May 14, 2024, the Town will be presenting information every day on different warrant articles.
Article 16: Transfer of $750,000 from Special Education Stabilization Fund to FY24
General Fund
Article 16 is a transfer of $750,000 from Special Education Stabilization Fund to the FY24 general fund. These funds are being used as a revenue source to offset the school’s FY24 budget deficit. The Special Education Stabilization Fund has historically been used to offset unanticipated special education costs, but in recent years the Schools have more appropriately been using the Finance Committee reserve in order to avoid using one time revenues to offset recurring expenses. A majority vote is required to transfer funds from special purpose stabilization funds.
To learn more about Stabilization Funds visit: https://www.mass.gov/files/documents/2017/09/11/igr17-20.pdf