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Thu September 22, 2005
Macomb Schools Dip Into Reserves Again
Macomb, IL – The Macomb School District will use its savings to cover another shortfall in the education fund. The fund is used to pay salaries and benefits. It accounts for most of the district's spending. This is the fourth time in five years that it's been in the red. Superintendent Fran Karanovich says despite the $643,000 deficit, there will be no cuts to programs or services. She points out enrollment dropped by nearly 200, so some vacated teaching positions did not need to be filled. But Karanovich also says the district will continue to face financial challenges unless the state changes its system for funding public schools. The Board of Education approved the district's new budget this week. The document is balanced and calls for overall spending of around $20 million.