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Shelton schools enjoy $800K surplus, for now


Shelton schools enjoy $800K surplus, for now
Brian Gioiele
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Exterior view of the Board of Education offices in Shelton, Conn. Nov. 5, 2020.Ned Gerard / Hearst Connecticut Media
SHELTON The school district has a projected $800,000 surplus through its 2020-21 budget, but the finance director warns this could be temporary.
The surplus primarily from underspending in the certified and non-certified staff accounts could disappear with uncertain future costs from health insurance, the nutrition services program and a pending lawsuit against the Board of Education, School Finance Director Rick Belden said during a Thursday meeting.
With six months remaining, Belden said the employee benefits accounts are currently $155,834 more than budgeted. ....

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