The Alton School Board has approved a budget that is very similar to last year’s one, according to the administration.  Chris Norman, District Director of Financial Services, says the district has lost more than $13-million in revenue over the last five years, but has managed to tread water thanks to a variety of cost cutting measures.

 

Chris Norman, District Director of Financial Services, says some of that comes from reducing payroll by attrition.

 

Click here for Norman's comments

 

The process of issuing up to $11-million in working cash fund bonds has begun, as a public hearing on the possibility was held.  The earliest that sale could happen would be October.

 

(Copyright WBGZ / www.AltonDailyNews.com )