The Knoxville Board of Education got a rundown this week from Superintendent Steve Wilder regarding the tentative fiscal year 2015 budget.
Wilder told board members the district is looking at an overall $286,000 budget deficit with most of that coming from their education fund.
This not a new situation for the district, however Wilder says it’s not a situation he’d like to be in. Wilder tells WGIL the deteriorating situation in Springfield has caught up with the district.
“The biggest issue for us is the pro-ration of General State Aid over the last couple of years has had a cumulative effect,” Wilder said. “We’ve lost about $1.2 million in state funding over the last two years. That includes the projection for this year.”
Wilder says the district received 89-percent of general state aid which was the same as last year.
He says other factors include a slight dip in enrollment as well as as a slow rise in the equalized assessed valuation. But Wilder says they’ve been able to make up deficits in the past and will do everything they can do that again.