A Billion Dollars?
The grim 2011 budget forecast takes into account a skyrocketing pension obligation next year and contractual raises for teachers that together increase costs by about $450 million over this year, district officials said.
The dire prognosis comes in the middle of an already tough budget year that started with a half-billion-dollar deficit. To balance this year's budget, the district trimmed millions in programs, laid off 536 employees and mandated six furlough days for nonunion staff.
Labels: money questions