Administrators at Harvard School District 50 have decided to use the consumer price index, instead of the equalized assessed valuation of property, to figure the district’s 1995-96 budget. Population appears to be expanding, leaving uncertainty over what will be the assessed value of homes under construction.
The educational fund currently is budgeted at $9,410,000, which could put it $942,000 in the red, Julie Groskinsky, the district’s executive administrative assistant, told the school board Monday night.
Those figures are tentative, however, she said.
One of the biggest unknown factors is how many students will be moving into the district.
“Right now we really don’t have a tool for projecting our cash flow,” Groskinsky said.
A hearing on the district’s tentative budget will be during the board’s July 17 meeting.
