Finance: The Budget
Public school budgeting is regulated and controlled by state statue and regulations. The annual school budget is the financial outline of the District’s education program. The budget process is an important function of the District operations and serves as a means to improve communication both within the organization and within the District communities.
The process begins in October, with the Superintendent and the Assistant Superintendent of Finance working with the staff, the School Committee’s Finance Subcommittee, and the District Treasurer to prepare the annual budget. After a public hearing, usually held in January, the School Committee considers the proposed budget.
Once the School Committee approves the budget, it is submitted to District towns for their consideration. Per statute, a 2/3 vote of approval from the towns is required for budget approval.