District 87 reviews budget proposal

By WEEK Producer

September 11, 2013 Updated Sep 12, 2013 at 9:39 AM CDT

BLOOMINGTON Ill -- District 87 reviewed their 2014 budget Wednesday night, after ending last fiscal year with a $1.5 million deficit.

This year does not seem to be looking much better.

School Board officials said the deficit has increased to about $2.1 million, despite the introduction of a deficit reduction plan at the end of last school year.

Finance Director David Wood said loss of revenue has made it difficult to catch up to the deficit.

"In the last few years, we have lost $5 million in revenue. Property tax EAV is down, state payments are down, and the federal stimulus money is all gone," said Wood. "All of a sudden you have a spending plan in place, and then revenues just dry up."

One new proposal in the 2014 budget will shift about $200,000 from the education fund to the tort fund.

It would allow the school district to pay half of the salaries for nurses, hall monitors and lunchroom supervisors.

A public hearing and approval of the budget is scheduled for September 25.

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