The Springfield School Board will have some tough choices in the weeks ahead, as it faces a multi-million-dollar operating deficit for next year with almost no cash reserves left.
Interim superintendent Bob Hill laid out the choices for the board Tuesday night, noting that revenues are expected to decline next year after a one-time windfall this year related to the expiration of the Park South TIF. And despite years of cuts, the district's cash reserves have been nearly depleted, down to just $600,000.
Even with some reductions in spending, including changes in the high school schedule and the expiration of a costly technology contract with Apple, the school board could have to cut $1.8 million from next year's budget to avoid going into debt. Board members say they want to keep those cuts away from classrooms and teachers, but it's unclear how to achieve that goal.