School district desperate for money; facing extensive cuts

NATCHEZ — By this time next year, the Natchez-Adams County School District could be in desperate need of money and have nowhere easy from which to obtain it.

As a result, school officials said the district must begin looking at extensive cuts to personnel and a better budgeting plan.

The Natchez Democrat reports the board met for a special budget report that included sometimes shocking projections about the district’s savings.

Since 2009, business manager Margaret Parson told the board the district has borrowed money from its 16th section interest fund to alleviate cash flow problems and the money has not been paid back.

She says the district had budgeted that they would need $166,000 in this fiscal year, but that figure is now $700,000.

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

POST A COMMENT

 

FOLLOW THE MBJ ON TWITTER

Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Top Posts & Pages

%d bloggers like this: