District 150 shows conservative budget for school year

By WEEK Reporter

November 25, 2013 Updated Nov 26, 2013 at 12:29 PM CDT

PEORIA, Ill. -- Peoria School District officials are looking at a $6 million shortfall in next year's budget.

Comptroller David Kinney said that is because the District is being conservative in its outlook.

The $52 million budget for the year's end was presented to school board members Monday night.

Kinney said that while the budget projects a deficit, so did last year's budget and that year ended up in the black.

"We tend to budget a little conservatively and we work throughout the year to try and close that gap. A year ago we projected about a 4 million dollar deficit for last year. We closed that gap and actually came out ahead a little bit," he said.

The school district made more than $3 million in cuts to the supplies and materials budget.

The proposed tax levy for the district, presented to board members, calls for a reduced total amount levied.

According to school officials, most Peorians will pay less in property taxes than last year.

The board will vote on the tax levy at its December 16 meeting.

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