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Budget 2024 - Considering a Referendum

South Milwaukee schools are currently exploring whether or not to pursue an operational referendum. The details about why are below. 

November 1 School Board Meeting on Referendum Options

Reduced Revenue + Increased Costs = Deficit Spending

The South Milwaukee School Board approved a preliminary budget in September that deficit spends - which means projected costs are anticipated to be more than revenues. The district can run a deficit by using a source of money called fund balance - a type of savings account the District uses to bridge times between when money comes into the District from the state and local taxes and when bills are due. Although using fund balance can be used for short term financial problems, it does not address the reoccurring deficit problem which is projected for future years.

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