D87 Budget Deficit Drops Slightly

Published 08/14 2014 06:00PM

Updated 08/14 2014 06:40PM

BLOOMINGTON - Bloomington's District 87 is facing a smaller deficit than expected.

Superintendent Dr. Barry Reilly says it anticipated that figure to be around $2.7 million. The district has hired 35 new teachers to replace a group who is retiring or moving on. Plus, two years ago, the district announced several layoffs, including six teachers, to save money. That knocks the deficit down to about $2.1 million.

Reilly says he doesn't foresee any major cuts this year, but knows the board will have to closely monitor the reserves.

"We're kind of in the eye of the hurricane, and hopefully we'll see things begin to clear up soon because we can't do this forever. You'll deplete those fund balances,” said Reilly.

Reilly says the extra payment from the state last year won't help much this year, because the district should get one fewer payment to work with. He says future budgets will depend on the outcome of the November election.

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