| Last year we made adjustments to our expenditures budget, reducing spending by $3.5 million and planned for increases in staff wages and benefits. Additional funding reductions in October and in December's Special Legislative Session total approximately $700,000 and further cuts are expected.
We must prepare for additional reductions in revenue during this school year as we plan for a significant loses of state and federal dollars in the 2011-12 school year.
The Legislative session opened January 10, 2011, with a proposed Governor's budget that includes drastic reductions in K-12 funding to compensate for the estimated $1.8 bllion deficit. As required by state law, the Governor's first budget must be a balanced budget. Both the Senate and House will develop proposed budgets and the Governor will issue a revised budget in the coming weeks.
In the meantime, the District Budget Development Committee will begin meeting and working in an advisory capacity to the Budget Team.
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