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The Los Alamos Board of Education met in open session Friday to discuss critical issues involving the district’s $1.8 million 2010-2011 school year operating budget shortfall - leading to a potentially long list of cuts.
“Two factors drive this reduction in revenues,” LAPS Business Manager John Wolfe said. “First, the state is receiving less revenue than anticipated and despite working during the recent legislative session to raise taxes and implement other measures, revenues will fall short. That’s affecting us by $800,000.”
The situation with the state could worsen, he said, if reports now circulating of legislators holding a special session in October to address even more cuts to education come true. But for now, the board is attempting to hold cuts to an absolute minimum.
“Secondly, the board asked us not to use lease funds in next year’s budget whereas this year we did budget $1 million from lease funds – so that accounts for the additional million dollars we must make up some where else,” Wolfe said.
Read the full story in today's Los Alamos Monitor.