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BUDGET UPDATE
Budget reductions have been implemented for the past two fiscal years totaling nearly $5 million. Some of the reductions have been one-year reductions and others have been on-going. We have implemented furlough days, benefit reductions, an early retirement incentive and various operating reductions. These reductions have been felt throughout the district. However, we find ourselves faced with another $7 to $9 million in reductions necessary over the next two fiscal years to achieve a balanced budget. We have targeted $5.75 million in reductions for 2012-13.
The Budget Committee began meeting in September 2011 to identify reduction recommendations. The Committee met throughout October and November. They collected and evaluated 200 budget reduction suggestions. Their work and dedication is appreciated and invaluable to our budget process.
The district has compiled budget reduction recommendations in the amount of $5,750,000. The proposed reductions are located here. The reductions were presented to the Board at the February 7, 2012, Board meeting. They will be acted upon at a special Board meeting on February 28, 2012.
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