A multimillion-dollar budget shortfall means major decisions are afoot for Madison Metropolitan School District officials.
The district's school board is getting a first look this week at how to deal with a budget massively in the red, and Superintendent Dan Nerad gave a breakdown on Friday on the proposal being put forward.
Overall the district is facing a $12 million shortfall in the next school year. Nerad said that he has a plan to address it. He said he thinks the proposal will affect learning and taxpayers as little as possible.
Nerad said he has had his staff hard at work scouring the district budget, trying to find out how to mitigate two major changes in state funding. The first is a nearly $3 million drop in the revenue cap and the second is a 15-percent cut in state aid.
"We're really pushing to say what's out there, where can we make these budget decisions and I'm looking from this point forward and I've been here for a year, and we feel real good about these options," Nerad said.
To cover the loss in revenue cap funding, district officials are contemplating taking $300,000 from its contingency fund and adjusting budget amounts for elementary teachers' salaries and substitute teacher days. The district came in under budget in the new teachers hired this year and fewer sub days have been used, WISC-TV reported.
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