Ladysmith school administrator optimistic about budget despite revenue projections

The School District of Ladysmith will have to make spending reductions in its 2010-11 budget if it proceeds with one of the three scenarios in a budget forecast presented during a school board meeting last Wednesday.

The school district is projecting a $10,294,712 revenue cap as set by the state for next school year.

Based on that figure, business services director Kurt Lindau presented several scenarios to the board:

— A 3 percent increase in spending over this school year will require $150,774 in reductions.

— A 4 percent increase in spending over this school year will require $266,749 in reductions.

— A 5 percent increase in spending over this school year will require $382,725 in reductions.

“This is an estimate that will be updated continuously through October as more information becomes available,” Lindau said.

MOre of this story appears in the THursday, Feb. 4, 2010, issue of the Ladysmith News.