The Board of Education has approved an operating budget of $56,286,184 for the 2013-14 year. The spending plan includes revenues of $54.1 million and $2.2 million from carryover funds and will leave the district with a balance of $500,000 at the end of the year.
A state aid increase of $411,351 will be more than offset by a projected enrollment decline of 100 students, which equates to a loss of $700,000 in funding. The budget includes a $500,000 spending reduction realized through the elimination of five positions and other staffing changes.
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