Many School Districts Tapping Reserve Funds To Close Budget Gaps

Governor says schools must spend such money rather than rely on state
 

When budgets are tight, school districts sometimes have to dip into reserve funds to make ends meet.

It’s not something they like to do, but these are desperate times.

“We can’t count on doing this every year,” said Dr. Paul B. Eaken, Fleetwood superintendent.

This is the second year in a row that Fleetwood has relied on its reserves; the district spent $1.4 million to balance the 2011-12 budget.

Read more: http://readingeagle.com/article.aspx?id=389527

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s