Medford School Committee Tackles Budget Shortfall and Revenue Management

Overview: The Medford School Committee recently held a meeting focused on addressing a budget shortfall for FY24 and scrutinizing the district’s revenue management and collection practices. The Finance Director reported that the budget shortfall had been reduced to approximately $250,000 through various adjustments. The committee also engaged in discussions on potential deficits in revolving funds, revenue discrepancies in Community Schools, and the need for a review of program rates and fees.