The Flossmoor School Board heard a presentation on District 161’s Fiscal Year 2020 budget and a breakdown of its different funding sources on Aug. 26.
The district’s preliminary budget anticipates $35,480,215 in revenue and $35,971,498 in expenses, leaving an operating deficit of $491,333. The total deficit after construction costs is $1,497,333.
Despite having an unbalanced budget, the district does not have to file a deficit reduction plan with the state because it has…
