The Riverton School Board conducted a public hearing last week to request feedback on how to move forward financially in terms of facility upgrades and programs.
It was only 10 years ago when the school district was forced to cut $2 million from the budget, leading to multiple teacher layoffs and other program cuts.
The district has gradually built up reserves, and the change to an evidence-based funding model from the state has solidified that portion of the school finances.
At the end of the first half of the fiscal year, Riverton had a fund balance of $13.5 million, equal to roughly 343 days’ worth of cash on hand (meaning, if the school received no funding for almost an entire year, it could still survive on reserves).
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