There's still red ink, but not quite as much as was expected in the St. Joseph Public Schools. An audit presented to the school board this week showed the district ended its last fiscal year with about 400-thousand dollars more than projected, but still had a loss of about 185-thousand. Business manager John Ruddell says progress has been made in cutting back what had been expected to be a deficit this year of one-point-three million dollars.
He says this year's shortfall will be covered by the district's fund equity, but says planning for the 2013-14 school year might need other options. Employees took wage concessions and state lawmakers made changes to the teacher retirement fund, which also saved the district money.
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He says this year's shortfall will be covered by the district's fund equity, but says planning for the 2013-14 school year might need other options. Employees took wage concessions and state lawmakers made changes to the teacher retirement fund, which also saved the district money.
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