Finance Director Patricia Lange presented a revised budget forecast to the Hudson School Committee on March 11th. Forecasts are adjusted periodically to reflect new information in regard to anticipated revenues and spending in the current fiscal year. The new forecast projects a slightly smaller deficit in the School Committee approved budget and Level-Services budget.
November projected deficit of $1,274,826 in Approved Budget now projected to be $1,064,845.
November projected deficit of $898,405 in Level Services Budget now projected to be 688,424.
Although this remains a very serious budget situation, this new projection is in a positive direction. Please see attached.