Members of the Southern Door Board of Education are expected to vote on a resolution calling for an April referendum to exceed revenue limits at their January 23rd meeting. The information came out of a discussion on district finances and the budget deficit during the board’s regular workshop meeting Monday evening. The action, if approved, is intended as a means of maintaining current educational programming and services. During the discussion, it was noted that due to the current state funding formula, projected decreases in state aid are expected to be 15% less from the previous year in each of the next three years. The current school year deficit was covered through grants and operational efficiencies last year. However, if future deficits were to be covered by the district’s fund balance, as was the case this year, the fund balance would be gone by the 2019/2020 school year. It was also pointed out that Southern Door has made budget cuts totaling more than $2.2 million over the last five years.
