Cobb Schools Facing $79.5M Deficit
The Board of Education heard early forecasts for projected fiscal year 2014 numbers Wednesday.
The early budget forecast for the Cobb County School District for fiscal year 2014 was as gloomy as the weather Wednesday during a Cobb Board of Education work session. Cobb schools chief financial officer Brad Johnson told board members that his preliminary indications are for a $79.5 million deficit for the fiscal year that begins on July 1. While the figure is preliminary -- state funding from the Georgia legislature and the 2013 Cobb tax digest are yet to be determined -- the long-term projections are even more grim, reaching an estimated $105 million deficit for fiscal year 2017. After struggling to close a $62.4 million gap for the current fiscal year last May, the school board faces a more daunting challenge, and not just in terms …
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