Reading School District Running Deficit Of Nearly $1 Million

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

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

Four months into the 2013-14 fiscal year, the Reading School District is already running at a nearly $1 million deficit, the school board learned Monday night.

Robert Peters, chief financial officer, presented the board with a status update on the 2013-14 budget at a committee of the whole meeting.

He said unexpected increases in expenses and decreases in revenues have the district facing a $952,000 deficit.

Read more: http://readingeagle.com/article.aspx?id=517608

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