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.
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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.