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Livingston Parish School Board approves 2024–25 budget revision, plans use of reserves for thirteenth check and capital projects
Summary
The board approved the 2024–25 revised operating budget, which projects a $10.9 million current-year general fund deficit and uses prior-year surpluses and restricted reserves to cover planned spending including a $7 million 'thirteenth check' payout and bus purchases/retrofits.
The Livingston Parish School Board voted to approve a revised 2024–25 operating budget that projects $273 million in general fund revenues against $284 million in expenditures, producing a current-year deficit of about $10.9 million offset by prior-year surpluses and reserves.
Mr. Purvis, presenting the revision, told the board the general fund projection shows a $273,000,000 revenue estimate and $284,000,000 in expenditures "which leaves us with a current year deficit of 10,900,000.0." He said the district has a prior-year surplus of $74,800,000, leaving a net surplus of $63,900,000; about $27,800,000 of that is in restricted reserves and a designated surplus of…
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