Another Granite State school district is facing a $5 million shortfall in the budget. And this time, the deficit wasn’t found in a property-poor city with a history of education funding issues, but right in the state capital.
Concord Board of Education President Pamela Walsh identified four sources of the funding gap at Wednesday’s meeting.
They included a $2 million assessment from SchoolCare, a health insurance risk pool; reduced state adequacy payments; lower-than-expected valuations of taxable property in the district; and rising special education costs.
“I feel like we’re a family who’s budgeted for years and done everything right, and we’re working really hard to balance our budget and pay our heat on time, and one by one, things are coming, and we inch our way towards being unhou