Members approved a $42.2 million annual budget at a meeting of the Flossmoor School District 161 Board of Education on Sept. 12.
Though the Fiscal Year 2022-23 budget reflects a $522,000 deficit, district associate superintendent and budget Fran LaBella said a deficit reduction plan is not required at this time. The district still has $28.3 million in cash balances to cover that deficit, LaBella said, more than enough required by the state board of education.
Revenue: Funding the district receivesThe largest source of tax revenue the district receives . . .