With the state lagging millions of dollars behind in payments, and contract negotiations under way with the teachers union and other employment groups, Community Unit District 300 school administrators presented a plan to ensure the “economic survivability of the school district.”
School leaders on Monday outlined the plan to cut about $8.3 million from the 2011-2012 budget. Chief Financial Officer Cheryl Crates said the district would end the current school year about $6.3 million in the red. If the state fails to pay the district the $18.4 million it owes this year, that deficit could balloon to $24.7 million.
Read more: http://www.dailyherald.com/article/20110110/news/701119841/#ixzz1PGc6Qz3k
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