D-3 OKs $7.6M budget for 2012-13 school year
FOX RIVER GROVE – District 3 has adopted its budget for the 2012-13 school year.
The district expects to run a $7.6 million budget, but have only $7.4 million in revenue.
“The district will use its reserves to pay for the shortfall if needed,” Superintendent Tim Mahaffy wrote in an email. “There is still a chance that our budget could be balanced based upon special levels of state and federal funding, Medicaid reimbursement levels and special education out of district.”
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