WCSB FACES $5 MILLION DEFICIT
Oct 17th, 2008 |
By ASHLEY AMASON
At the Oct. 7, 2008 regular Walton County School Board meeting, Chief Financial Officer Jim McCall presented a financial deficit summary to the board. The initial budget deficit is $3.1 million. Additionally, there will be a four-percent reduction, totaling $550,000, in state funding; a two-percent holdback in state funding, totaling $275,000; a possible 1.5-percent drop in property tax revenues equaling $700,000. “Therefore, the minimum budget deficit,” McCall said, “is $5,275,000.”
http://defuniakherald.com/?p=488
At this rate, will the district will be broke in two years?
Oct 17th, 2008 |
By ASHLEY AMASON
At the Oct. 7, 2008 regular Walton County School Board meeting, Chief Financial Officer Jim McCall presented a financial deficit summary to the board. The initial budget deficit is $3.1 million. Additionally, there will be a four-percent reduction, totaling $550,000, in state funding; a two-percent holdback in state funding, totaling $275,000; a possible 1.5-percent drop in property tax revenues equaling $700,000. “Therefore, the minimum budget deficit,” McCall said, “is $5,275,000.”
http://defuniakherald.com/?p=488
At this rate, will the district will be broke in two years?
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