Superintendent Wayne Ogden said he anticipates local schools will receive about $1.3 million in federal stimulus money.
That funding, along with $125,000 in increased circuit breaker aid and the money saved by 51 staff members forgoing raises, will help close a projected $3.3 million gap in next year's budget, Ogden said.
The School Department should get the stimulus money over the next 24-48 months, Ogden said, but it is not yet clear how it can be spent.
Ogden said he hopes to use it to save teaching jobs.
Though many financial variables are still up in the air, Ogden and School Committee Chairman Jeffrey Roy promise to keep parents and school staff up to speed on the numbers.
"It's a very dynamic budget, we're still waiting for the federal stimulus money," Ogden said.
Read the full article from the School Committee meeting in the Milford Daily News here.