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By Leon G. Russ
HOMETOWN NEWS
The Spartanburg School District 3 Board of Trustees held their monthly meeting at the District’s Administration Building on Thursday, February 17 and heard a gloomy budget report from Assistant Superintendent for Finance and Operations, Greg Mack.
Mack opened by telling the board, “I wish I had better news but things are kind of squirrelly in Columbia right now.”
Mack said District 3 is looking at $1.4 million reduction in operating costs and that’s before factoring in the district’s fixed costs such as insurance, retirement, and utility fees.
The district will lose $370,000 in federal stimulus funds as part of that $1.4 million figure.
That $370,000 in stimulus funds was used to pay teacher and teacher’s assistant salaries.
Mack also told the board he expects to see a 3% to 3.5% increase in insurance costs which would see the district approaching $1.5 million shortfall in the budget.
For the rest of the story, read this week’s Spartanburg County News.
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