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Board hears budget update; next‑year deficit reduced to $366,000
Summary
Business administrator Mrs. Oington reported updated assessments and transfer-tax receipts (just over $30,000) and said the district has reduced a projected next-year deficit from $555,000 to $366,000 through line‑by‑line cuts and centralizing some subscriptions.
Mrs. Oington provided the board with the district’s financial update on April 7, telling members the March 31 accounts payable checklist and updated assessments are in the backup materials. She said transfer tax collections from sold properties recently generated just over $30,000 in receipts to the district and asked the board to…
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