The belt gets tighter
PRINCETON — The Princeton Elementary School District could look quite a bit different in the next couple years if the school board goes ahead with some cost-saving measures discussed at this week’s meeting.
Those cost-savings measures could include not replacing some retiring teachers, increasing class sizes and possibly closing a school building.
In explaining the need for cost-savings measures at Monday’s board meeting, Superintendent Tim Smith said he is projecting an estimated $1.6 million deficit in the education fund for the current 2013 fiscal year. The district has budgeted a $1.6 million transfer from the working cash fund into the education fund to cover the deficit. The building fund is projected to end the year with an estimated $83,000 deficit, and the transportation fund could have an estimated $40,000 deficit.
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