Reading School District Budget Outlook Not Good

Map of Berks County, Pennsylvania, United Stat...

Map of Berks County, Pennsylvania, United States Public School Districts (Photo credit: Wikipedia)

The Reading School District isn’t likely to get any relief from the financial straits that have led the district to cut programs, layoff staff and close schools.

Robert Peters, the district’s chief financial officer, provided the school board with an initial overview of the district’s 2013-14 budget process at a meeting Wednesday night. And the outlook doesn’t appear good.

The district, like others across the state, will yet again be facing increasing expenses with little hope of jumps in revenue.

Peters said increases in pension contributions will probably cost the district about an extra $2.5 million next year, and health care costs will likely increase somewhere in the neighborhood of $3 million.

Read more: http://readingeagle.com/article.aspx?id=421733

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