Daily News 1/31/2025: A Summary of the School Districts Financial Forecast
2025/01/31
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Daily News 1/31/2025: A Summary of the School Districts Financial Forecast

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TThe Daily News for Friday, January 31st, 2025.
On Monday, the Northfield School Board heard the updated financial forecast for the district. The financial forecast is one of four regular elements in the Northfield Public Schools budgeting cycle, which includes adopting the regular budget in June, auditing the budget in the fall, and then adopting the revised budget in December. As previously reported, the district is projecting a budget deficit of $592,544. However, costs are projected to rise at a rate faster than revenue, and the district is looking at readjusting the budget for the next several years.
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TThe Daily News for Friday, January 31st, 2025.

On Monday, the Northfield School Board heard the updated financial forecast for the district. The financial forecast is one of four regular elements in the Northfield Public Schools budgeting cycle, which includes adopting the regular budget in June, auditing the budget in the fall, and then adopting the revised budget in December. As previously reported, the district is projecting a budget deficit of $592,544. However, costs are projected to rise at a rate faster than revenue, and the district is looking at readjusting the budget for the next several years.