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Interboro finance committee reports $3.6 million projected deficit; board to continue cuts review
Summary
Finance committee reported a preliminary $3.6 million projected general fund deficit for the Interboro School District and described drivers including special-education costs, technology expenditures and cyber-charter enrollment; the board plans continued budget deliberations.
At the March 18 meeting of the Interboro School District Board of School Directors, the finance committee reported a preliminary general fund deficit and outlined steps the district will take to narrow it.
"The deficit was reduced approximately $455,000," the Chair said, citing an initial state funding projection of about $941,000. "So we are still at a deficit of about $3,600,000 at a 1.5 percent tax increase." The chair…
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