Weather Forecast

Close
Advertisement

Unexpected special education debt puts Litchfield School District in statutory operating debt

Email

Litchfield School District Superintendent Bill Wold said Friday the School Board will make over $200,000 in budget cuts Monday as the first phase of the district's plan to get out of statutory operating debt.

By state definition, a school district is in statutory operating debt when it is holding a -2.5 percent undesignated fund balance in its general fund.

According to Wold, the district's fund balance is at -4.7 percent.

Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.

You will need your subscription account number and phone number. Not sure if you have an account? Email us at subscriberservices@forumcomm.com and we can help you.

Advertisement
Advertisement
Advertisement
randomness