The school district has a separate savings account of nearly $1.2 million, which would more than cover its expected revenue shortfall of $767,016 for the upcoming school year. The fund is reserved for capital improvement projects, but it is within the school board’s purview to reallocate the funds if needed.
The district has been building the fund since 1998, with only small withdrawals in recent years.
Without major new revenues or spending cuts, the district’s operating budget reserve fund — a separate account from the building improvements fund — is expected to hit zero sometime during the...
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