D204 Financial Situation Hovering Close to the Brink
The high school district is just barely staying under budget and is in danger of falling into the red, officials are now acknowledging.
Lyons Township High School District 204 is just barely breaking even on its finances, district officials are acknowledging, with a $100,000 surplus on a $68 million budget for the 2012-2013 school year, The Doings La Grange reports.
The officials told the paper there were several reasons that the district was being forced to play so close to the edge: rises in benefit and special-education costs, tax caps limiting revenue, growing health-care costs and claims and the possibility of the Illinois General Assembly shifting expenses from the beleaguered state coffers upon local municipalities.
The district approved its budget for the 2012-2013 year last week.
Read the full story here at the Doings website.