Revised Portland (Maine) Budget Cuts Additional Jobs

Wednesday, April 10, 2013

The School Board Finance Committee last week cut another $1.5 million from the proposed fiscal year 2014 budget.

The reduction would eliminate more jobs, add staff furlough days, hike employee health-insurance costs and further reduce spending for equipment and supplies.

Even with the new reductions, the district's proposed budget is just over $98 million and will result in a more than 3.5 percent increase in the school portion of the property tax rate.

According to the district's budget website, the budget will use $1.3 million from the district's undesignated fund balance to cover $155,000 in capital costs, $500,000 for charter school expenditures and a portion of the unexpected shift in teacher retirement costs from the state to the district.

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