School district desperate for money; facing extensive cuts
Published: December 14,2012
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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DAVID DALLAS — From Dan and Dixie with love
- BREAKING NEWS: Trustees offer new deal to Ole Miss chancellor Dan Jones
- Law to bolster utilities’ economic development efforts gets mixed reactions
- Developers withdraw zoning application for former country club
- Lawmakers: Time to raze IHL
- Rhythm & Blues Hall of Fame planning gets underway
- DAVID WILLIAMS: Smart traffic signals pave way for better driving in connected world
- Office occupancy edged up throughout Metro Jackson
- Supermarket incentives for distressed communities die in House