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July 26, 2014, 2:14 pm
970 WMAY News

Springfield School Budget Includes $2.7 Million Reserves


The Springfield school board has approved a budget for next year that restores some money to the district’s cash reserves… even as it leaves intact millions of dollars in cuts that were approved earlier in the year.

 

Superintendent Jennifer Gill says it’s fiscally prudent to start building up a cash balance again… despite cuts in teaching positions, librarian jobs, and the district’s webmaster and audio-visual technician.

 

The projected $2.7 million surplus could still be drawn down by the results of ongoing teacher contract talks and the possibility of additional cuts in state aid.

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