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School District 65 administrators say the District will be able to balance its operating budgets for the next two years without a major adverse impact on the District. The District had been projecting deficits of $3.3 million for 2012-13 and $4.1 million for 2013-14.
Superintendent Hardy Murphy said toward the end of the School Board meeting on Jan. 23 that administrators would present revised projections at the Board’s Finance Committee meeting scheduled for Feb. 13. He said, “I think it’s important, as I said to Board members, that we’re looking at a somewhat different set of projections than before. The retirement incentives, I think we have gained a great deal because of that and I want to thank Beth [Flores, director of human resources] for that. We’ve had an increased CPI, some program restructuring, so it looks like we’re going to have a balanced budget next year, and the year after for sure.”
Mary Brown, chief financial officer, said, “That’s what it looks like.”
Dr. Murphy added, “We’ll, once again, be able to manage our budget stress without traumatizing the District and the community.”
The District recently convened a Citizens Ad Hoc Budget Committee to develop strategies to address the District’s projected operating deficits, which were projected to grow from $3.3 million in 2012-13 to $8.7 million in 2015-16. The Committee presented its recommendations to the Board on Dec. 5.
District administrators are scheduled to release the revised projections, with more details, at the Feb. 13 Finance Committee meeting.