Community Corner

School Board to Conduct Financial Summit on Wednesday

Budgets will be discussed.

The Board of Education has called a special meeting for Wednesday to discuss its budget for both the current fiscal year and the 2013-14 fiscal year. 

It is scheduled for 6:30 p.m. at the administration building. 

The school board's budget request for 2013-14 stands at $49,494,787 heading into Tuesday's referendum. Mayor George Apel had cut $1.5 million from its original request and on Monday, the Town Council trimmed another $675,000.

The current $48,180,997 budget was about $1 million in the hole because of rising state tuition obligations like special education and magnet schools and the school board is prepared to draft a letter asking the Town Council for some extra funds. 

It will be in the form of insurance savings already in a designated account   and will likely be not exceed $200,000 school officials have said. 
The deficit has been trimmed by a series of spending freezes and creative programs. 



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