SPRING VALLEY — At first glance, Spring Valley Elementary School District seems in dire straits with a budget deficit of more than $2 million dollars, but Superintendent Jim Hermes was quick to point out those numbers are deceiving.

“This is a positive budget,” Hermes said. “We’re taking in more than we’re spending.”

The official Fiscal Year 2013 budget shows a total revenue of $6.8 million, but expenses totaling $8.9 million for a total deficit of $2.1 million. This includes the projected amount the schools plans on spending this year for the new addition, which is already in the bank.