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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Peavey's wellness program honored after workers drop 1,000 pounds
- Group, lesbian couples look to overturn state's ban on same-sex marriages
- Pickering lists concerns over Mississippi Adequate Education Program formula
- Watkins says JRA out to block him from Farish by repaying HUD $1.5M
- Mississippi Film Studios signs contract with New Orleans company
- Mars Food expanding Delta plant; investing $31M and adding jobs
- State renews battle over water use with city of Memphis
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- Biloxi baseball project still alive but may be held for 2015