Central Ill. district faces $2M budget deficit
BLOOMINGTON, Ill. — School officials in Bloomington say preliminary budget figures for fiscal year 2013 show a deficit of $2.28 million.
WJBC Radio reports that District 87 Administrator David Wood says the budget numbers are all conservative and they're hoping to reduce the projected deficit as much as possible with spending cuts.
Wood told school board members Wednesday night that the deficit is due to a combination of factors, including losing federal stimulus dollars, a loss of state grants and property taxes being down.
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