Brighton Schools Face $445,000 Deficit Without Sale of Lindbom Elementary
Brighton is facing an operating deficit this year in addition to a $7 million legacy debt.
If Lindbom Elementary does not sell by the end of the fiscal year, Brighton Area Schools could be looking at an operating deficit of $445,000, according to Assistant Superintendent of Finance Maria Gistinger. The Brighton Area Board of Education tabled a vote to approve an amended 2012-13 budget so they could hear discussion on the topic during a finance committee of the whole meeting Monday night. Lindbom is currently on the market for $2.2 million. "If we use the sale of Lindbom to balance the budget, then it's not a sustainable amount," Board President Miles Vieau said. "It's only good for that present year. And of course, we've made that mistake, where we've taken fund equity and it's not sustainable, and we've paid for contracts on it…
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Nicole Krawcke
5:00 pm on Tuesday, January 29, 2013
Thank you for your comment, Kevin. That article is about the audit of the last fiscal year budget. And Dr. Gray said the same thing Monday night - the school district has had decreasing revenues from the state of Michigan - $470 per student in the past two years and is now looking at another decrease of between $100-$150. And it is also facing declining enrollment. Those are some of the largest … more ›