'Stormy' financial outlook for District 150

By Audrey Williams

May 13, 2013 Updated May 13, 2013 at 10:10 PM CDT

PEORIA, Ill. -- At Monday night's District 150 meeting, administrators and board members discussed what they call 'a storm coming' in terms of state funding.

Interim Treasurer David Kinney,PhD presented an updated budget. He said the projected roughly $4 million deficit has been reduced by about $1 million for this fiscal year.

Kinney added a devastating outlook for the coming years. He predicts more cuts to state funds and says 'schooling won't quite be the same.'

"A lot of districts are in a position where they're having to think about 'what are we doing?', 'what are we going to do to save money next year?' and at least take one year to look at we'll reduce what we can and keep it as far away from kids as possible. But if something doesn't happen that's fairly dramatic for the revenue scene it's going to get tougher for FY15," said Kinney.

Also at the meeting, board members approved a two year contract extension with the teacher's union.

They also approved a $60,000 license agreement with the ELITE program at Trewyn School and expanding it to Harrison.

They also set next year's graduation events to held at Bradley's Renaissance Coliseum.

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