The Keokuk School Board must make some serious cuts to next year’s budget.
Superintendent Lora Wolff says the district will actually lose roughly $550,000 in state aid because of its declining enrollment.
She says dwindling revenues and increasing expenditures mean balancing the spending plan for the 2012/2013 school year will require a reduction of $1.3-million.
The district plans to use cash reserves and unspent balances to cover nearly $600,000.
The rest of the shortfall ($700,000) will have to come from budget modifications.