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Clinton Schools FY13 Budget Not Looking Good

As the Clinton School District prepares it's Fiscal Year 13 budget, it does not look good.

There are many concerning areas of the budget, and Superintendent of Clinton Schools, Dr. Jeff Holmes says the revenues all around are significantly down. The lack of revenues coming in have resulted in a $1.9-million dollar deficit.

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On the state-side of the revenue, Dr. Holmes explains normally they are provided around $1.3-million, this year they will be down close to $200-thousand. He also notes several payments this year will not be made at all, because the state simply doesn't have the money to provide to the school.

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When the deficit for the upcoming year is added to the current balance owed by the state, Dr. Holmes says the school district is going to be short a million dollars.

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A majority of the districts education fund goes towards salaries, which Dr. Holmes says will lead to administrators taking a hard look at personnel and programs.

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Dr. Holmes says not all of those funds will come from cuts. He notes the stability of the transportation fund could be transferable to the education fund. Another option the district has is to use some of the revenue bonds to help sustain the education fund. The tax rate on the bonds continues to show a favorable rate, which could result in the district being able to issue their working cash funds into the education fund.

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