Structural budget deficit will increase MMSD revenue shortfall for 2007-08

A few weeks ago when the Madison School Board was finalizing the budget for the current academic year, Vice-President Lawrie Kobza pointed out two very serious problems. First, the district has been overstating expected revenues in recent years during the months when the board was reviewing and approving the budgets. Second, the district has been balancing the budget at the end of the year by dipping significantly into its reserves (equity fund).

In Susan Troller's article in The Capital Times, Roger Price, the assistant superintendent for Business Services, promises a "more conservative approach" to budgeting. In part, the "more conservative approach" seems to mean that revenue estimates will not be overstated, making deeper cuts more necessary, but perhaps giving the board a way to reduce the drain on its reserves.

School Board anticipates big budget shortfall.

Posted by Ruth Robarts at December 15, 2006 8:34 AM
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