Muskegon Public Schools are out of money, board approves $2.6 million budget deficit

Muskegon Public Schools are out of money, board approves $2.6 million budget deficit | MLive.com:
"The Muskegon school board originally adopted a $52.47 million budget last June that estimated the district’s fund balance at $545,546 at June 30, the end of this fiscal year.
However, the latest amendment, approved by the school board Tuesday, calls for $3.88 million more in spending – anticipated at $57.27 million – than revenues. That more than eats up the district’s $1.3 million fund balance.
Muskegon school board President Louis Churchwell said the community should be “aware, not alarmed,” by the budget crisis and said the board is ready to make the tough decisions necessary to eliminate the deficit.
“What the community needs to know is we’ll be OK,” Churchwell said.
“If we don’t do anything, it can become something bigger.”