State aid expected to decrease

By Ryan Latvaitis
For the Leader


District #169 Superintendent Todd Pence said that general state aid for the 2013-2014 academic year will be lower than the amount received the previous year.
“It’s not time to go crazy,” he said “But the fat needs to go.”
The district will have received $2,700,291 in total GSA for the 2012-2013 year.
Uncertainty remains regarding how much aid will be cut for the 2013-2104 year.  The best case scenario is a loss of $301,006, yielding $2.399,285 in total GSA, or 89% of the 2012-2013 amount. The worst case is a deeper cut of $543,631, leaving $2.156,660, or 80%. General state aid accounted for 48% of the district’s 2012-2013 budget. The anticipated cuts represent 9.8% to 17.7% of this year’s budget.  Pence said that things would be worse if the district had not built up fund balances during better years, though the district will run a deficit this year. Pence stated he intends to put together some ideas to help the district save money. Pence warned there could be cuts in the spring to help deal with the shortfall.
“Next year will be harder,” he said.
 

Categories (2):News, Education

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