Superintendent Ralph Grimm is 100 percent correct when he says District 205 cannot continue to deficit spend. The school district has depended on reserves for nine out of the past 12 years, and the reserves will run out unless the district balances its budgets soon.The district, which has roughly $10 million in reserves, expects a spending deficit of $1.2 million this year.Much financial progress was gained last year when the district reduced spending by $2.6 million, [...]
↧