Norwalk Public Schools Finance Committee Meeting - July 8, 2026

The Norwalk Public Schools Finance Committee met on July 8, 2026, to review the fiscal year 2026 financial closeout and discuss the current year's budget. CFO Lunda Osmani presented preliminary financials showing general fund expenditures of $233 million against a $247 million budget, noting vacancies and position reductions as factors in salary savings. The committee discussed significant outsourced special education expenses and supply chain delays affecting payments. A key topic was the 32% increase in teachers' health insurance premiums due to their remaining on a high deductible Sigma plan rather than moving to the state plan as initially assumed. This change resulted in an unbudgeted $3 million expense, with ongoing discussions planned with the city to address the funding gap. The committee also reviewed transfers to the food services fund to maintain balance and noted a decline in grant funding. No new contracts or procurement awards were reported, but the health insurance cost increase and budget adjustments may impact future spending and vendor negotiations.