School district desperate for money; facing extensive cuts
by Associated Press
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.
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