Huron schools anticipate major budget shortfall
Oct 1, 2012 at 12:54 PM
And while the district could plug the hole by dipping into its $7.7 million rainy day fund, that certainly wouldn’t be ideal.
When treasurer Mike Weis presented the budget forecast at a meeting Tuesday, he laid out the bottom line: income simply can’t keep up with expenses, as state dollars, property taxes and grant funding continue to decline.
Weis said the gap could be closer to just $1.6 million, rather than $2 million, if income and expenses end up as he hopes.
“There are a lot of unknowns right now that I can’t guarantee,” he said.
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