Schools Find More Than $9 M for FY 2014 Budget
As the Fairfax County School board stares down $162 million deficit, midyear review funds will help boost next year's beginning balance.
Fairfax County Public Schools has found an extra $9.7 million in its Fiscal Year 2013 budget, much of which school board members voted Thursday night to set aside for its FY 2014 beginning balance — a budget year in which the system faces a $162 million deficit. The money will increase next year's beginning balance from $41.6 million to $51.1 million. School board members have been waiting for the outcome of a midyear budget review since the fall, as it began to grapple with a projected deficit of $93.7 million in Fiscal Year 2014, a number that doesn't include another $68.4 million shortfall in "significant program needs." At a joint meeting in November, Fairfax County Executive Ed Long said the county anticipates being able to give the…
In this Article:
Michael Josef Basl
7:28 pm on Tuesday, December 25, 2012
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