ECASD dips into “rainy-day fund” for 2018-2019 budget after making cuts

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Eau Claire (WQOW) – The Eau Claire Area School District held a special meeting to discuss the 2018-2019 budget plan Monday.

The school district budget started with a nearly $5 million deficit. Board members were able to get it down to about $2 million by cutting supply costs and reallocating staff.

School Board President Joe Luginbill said the district will use its safety account, the district’s equivalent to a rainy-day fund, to cover the cost.

“We have a fund balance which is about 20 percent of our operating [budget], now what we’re going to is about 16 percent, so it’s not ideal, but again it’s kind of a necessity at this point,” Luginbill told News 18.

In the end, the district formally adopted its budget plan. Luginbill said it wasn’t easy, but feels the board did well covering the needs of all Eau Claire students.

Justin Esterly

Justin Esterly

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