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Published: Thursday, 6/18/2009

TPS board sets budget session

Toledo Public Schools will hold a hearing today on the budget for the 2009-10 school year.

The hearing is scheduled for 5:30 p.m. in the board headquarters at 420 East Manhattan Blvd.

Last month, the board approved budget cuts and capacity changes, which included closing Fulton and Nathan Hale elementary schools, to trim $10 million from the coming year's budget.

The Fiscal Year 2010 budget includes $280 million in revenue and $287 million in expenditures.

The district's five-year forecast has balanced budgets for the current fiscal year and next year, but is anticipating shortfalls of up to $20 million for fiscal year 2011 and $50 million for 2012.

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