The Madison School District has financial challenges; however, the good news is the Board of Education and administration are working proactively to ensure we balance our budget and maintain the quality of what we provide our students.
The state requires all school districts to maintain a balanced budget. In the Madison Local School district, we face two primary budget challenges: we have limited funds available and our enrollment is declining.
In order to balance our budget, we must continuously evaluate our staffing in relation to our number of students. As enrollment declines, we need fewer staff members to provide the same level of support for our students. Some of these personnel reductions will be made from retirements and resignations; unfortunately, there are several positions that must also be eliminated.
The special financing district operating renewal levy on the ballot in March provides approximately $1 million in annual revenue. Even with this revenue, these reductions are necessary for next year in order to balance our 2020-2021 fiscal year budget.
In everything we do here at Madison, we aim to be as efficient and effective as possible while still protecting the quality of the education we provide our students. While these are not choices we make lightly, we are confident these decisions will propel Madison Schools into 2021 with a compliant financial position, without sacrificing the quality of education for our students.
Madison Local Schools Board of Education