Sean C. Morgan
School District 55’s proposed 2011-12 budget cuts about $1.7 million in general fund spending from its 2010-11 budget.
The general fund’s ending fund balance will be reduced from about $700,000 to $150,000 in the fiscal year 2011-12, which begins on July 1.
School Board member Chanz Keeney said during a special School Board meeting Monday night that the district is using one-time funding sources to cover costs this year, and the district…