Tentative CCSD budget shows a $64 million deficit
Las Vegas, NV (KTNV) -- A tentative budget for the 2012-2013 fiscal year was approved by the Clark County School District Board of Trustees Wednesday.
The slightly more than $2 billion budget shows $35 million in federal budget cuts.
The first draft shows also about a $64 million deficit. CCSD says they can reduce the deficit to $3 million if concessions are made by the Clark County Education Association (CCEA), otherwise known as the teachers union.
At this point, CCEA has not been willing to make any concessions and wants the district to honor contracts with teachers, which includes potential raises.
The CCEA claims the district has money to fix the giant deficit and has even offered to help pay half the costs for an independent audit.
However, the school district says they'll likely make cuts in staffing if the teachers union doesn't cooperate.
About 90% of the district's budget goes towards salaries and benefits.
The district says they've cut about $150 million in operating costs from last year.
Superintendent Dwight Jones said in Wednesday's board meeting that this budget is, "Very tentative."
A lot hangs on an arbitration meeting between the district and the teachers union at the end of April.
A final budget proposal will likely be made in mid-May. A final budget is due to the State of Nevada on June 8, 2012.
The new fiscal year begins July 1, 2012.