Budget, building and bonds
SPRING VALLEY– At the Hall High School Board meeting Wednesday evening, Superintendent Mike Struna presented the tentative Fiscal Year 2014 budget which emphasizes the declining state revenues.
General state aid is being decreased by $303,102 coupled with a decrease in local property tax revenues, amounts to a total revenue loss of $364,095 for the district.
The positive news is Struna was proactive in making expense reductions last spring which totaled $217,000. Therefore, the final tentative budget shows revenue of $5,009,105 and total expenses of $4,967,726. The budget will be posted for 30 days, and there is a budget hearing meeting scheduled for 5:45 p.m. Sept. 25.
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