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In last week’s newsletter, we shared some of the cost-savings and cuts that have already been made to our budget to head off the deficit. What further cuts would be necessary if the referendum does not pass on April 4?
The money from the proposed referendum would be used to maintain current programs and staff and operational expenses as they are today. If the referendum is not approved on April 4, we will need to take immediate action. Discussions will begin in partnership with stakeholders and those most directly impacted—teachers and parents.
Based on current budget projections, if operational funds are not approved, a reduction of approximately $6 million will be required in the first year alone. Given the scope of the deficit, we will need to reduce our largest expenses. Staffing costs account for 70% of our budget, so there is no way to cut enough from our budget without significant reductions in salaries and benefits (staff) and reducing programs, services and, ultimately, opportunity.
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