Region 16 board debates how to handle surplus
By Elio Gugliotti, Editor PROSPECT â Region 16 Board of Education members Feb. 10 debated whether to transfer any more surplus funds to its capital nonrecurring account, but took no action. The school board, which oversees public schools in Beacon Falls and Prospect, finished the 2019-20 fiscal year with a budget surplus of $661,286. Excess school money is returned to the towns in the form of credits on their education payments to the region. The money is divided based on the percentage of students from each town. For the 2019-20 school year, 63.25% of students lived in Prospect and 36.7...
Source: mycitizensnews.com