UPDATE: District 100 Budget Deficit

By: Lauren Kravets
By: Lauren Kravets

BELVIDERE (WIFR) -- It’s been more than a year since the Belvidere School Board approved cuts, including the closure of Kishwaukee Elementary School to deal with a multi-million dollar budget deficit. Today the district is better off, but is still facing a deficit.

District 100 is about $800,000 in the read. Superintendent Michael Houselog says enrollment is down, having lost 1,000 students over the last five years. In that time, they’ve also seen a 40% cut in revenue from assessed evaluations. Less State funding is another concern, but the district hopes to save money next year.

"There will be some savings next year because we have a high number of teacher retirements. The teachers who are retiring are higher valued teachers in terms of the salaries that they make,” Houselog said.

The District is also looking into bond re-funding. There will be a presentation on Monday. This would provide property tax relief for Belvidere residents.

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