Windham Southeast School District Finance Committee Meeting Minutes – Feb 13, 2024
2. VT Legislative developments affecting FY25 Budget; Review State Funding Formula updates
Shaun Murphy started off saying that in this time of uncertainty, his suggestion is that this committee is “Steady at the helm through these rocky waters”. The budget development started on 10/6/23. The work done by Frank Rucker and his team along with the Finance Committee has been thoughtfully and carefully developed, been through a process of presenting to the Board three times as well as to the finance committee an additional three times. This FY25 budget proposal has increased by 3%, which is in alignment with previous budget increases. Frank Rucker spoke about the lack of information from the legislature that would be needed to make assumptions on how this budget could be adjusted to affect the CLA equalized tax rate.