Schools

D-15 To Hear Budget Reduction Proposal

District 15 officials will present his recommendation to balance the district's budget during Wednesday's meeting.

The District 15 school board will hear a proposal on how a projected $9.6 million budget deficit for the 2012-2013 fiscal year should be dealt with at its meeting Wednesday.

The school board will meet at 7 p.m. at . District 15 Superintendent Scott Thompson already – .

Thompson still will present a recommendation for about $6 million in budget cuts, with the remainder of the deficit being filled with about $3.6 million from reserve funds.

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Although District 15 has a significant budget deficit, the district also has about $55 million in reserves. District officials project that those fund balances will erode down quickly — to about $4.8 million by 2016 — if the structural deficit is not corrected.


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