HUNTLEY – The new teachers contract will dip District 158’s budget further into red ink, but administrators said they can absorb it as long as state education funding remains stable.

The Huntley district’s recently revised $81.5 million budget for the school year shows a $1.76 million deficit, or a hole $302,450 deeper than the budget that district board members approved in September.

The larger deficit is primarily being driven by additional teachers’ salary increases, said Mark Altmayer, the district’s chief financial officer.