Waukegan school board approves budget with $30M deficit: ‘You have to make up that money somehow’ - Chicago Tribune - 中国竞猜网

Lake County News-Sun | Waukegan school board approves budget with $30M…. # Waukegan school board approves budget with $30M deficit: ‘You have to make up that money somehow’. Frightened about diminishing cash reserves, the Waukegan Community Unit School District 60 Board of Education approved a budget with a $30.3 million deficit, but not before receiving assurances that a plan will be in place to increase cash reserves over the next four years. The District 60 Board of Education voted 7-2 to approve a $317 million budget — $6 million less than last year — for the current fiscal year ending June 30, on Tuesday at the Education Service Center in Waukegan, dipping $9 million less into cash reserves than a year ago. Though the budget stabilization and fiscal sustainability framework resolution was on the agenda for a vote Tuesday, board member Carolina Fabian said she was not satisfied with some of the language. She said achieving financial stability is a collaborative effort with the administration and the board.