NLS School Board approves 2010-11 budget
NEW LONDON -- The New London-Spicer School Board on Monday approved a budget for the 2010-11 year.
The budget includes $12,960,044 in general fund revenues and $12,675,659 in expenditures, leaving $284,385 to help the district rebuild its general fund balance.
The general fund balance was just $5,129 on June 30, 2009, but is expected to be $131,166 on June 30 of this year and $415,551 on June 30, 2011.
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