Monday night, the board adopted a financial plan calling for $68.5 million in General Fund revenues and $69.9 million in expenditures.
The difference will come from the $22 million fund balance the board has.
Of that amount, $7 million is unrestricted.
The shortfall, school officials said, is due to expected decreases in sales tax revenue and state and federal funding and extraordinarily large increases in retirement fund contributions.
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