District likely to return to voters for funds

Published: Thursday, November 15, 2012 at 11:22 AM.

In addition to state and local funding issues, the deadlock in Congress which could send the country toward what pundits are calling a “fiscal cliff” would have significant impacts on the district, said Sara Joe Wooten, assistant superintendent for instruction.

She said due to the impasse, districts could see 9 percent of Title I and Title VI funds sequestered, or held back, by the federal government, which would impact programs and some granted-funded staff positions.

“If Congress does not do something we could be in real trouble,” Wooten said.

The additional one mil operational levy expires June 30 and the combination of declining enrollment – the public schools have lost 400 students the past decade – and dropping property values is estimated to already project to a $500,000 shortfall from current revenue, said district financial officer Sissy Worley.

Therefore, Norton said, without the additional mil the next fiscal year appears to shape as providing $1.8 million less in revenue for the district than the current one.

“We are going to have cuts no matter what,” Norton said.

Further, the district awaits the legal outcome over the 3 percent the state mandated public employees pay toward their own retirement – if the measure falls in court, the district would be back on the hook for those funds, around $300,000.



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