News: Education Headlines

Ballooning pension costs affecting recent education financial gains

Districts across the state began sounding alarm bells in June, when they approved budgets with “deficit spending” meaning they were spending more money than they were receiving from the state. Most of these districts balanced their sheets using reserves, but as districts begin planning for the 2018-19 school year, some are realizing they’ll need to cut expenses to stave off financial nightmares.

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