Fox River Grove schools budget for 2014 shows slight deficit
Sep 25, 2013 11:38 PM -
Fox River Grove School District 3 school board this week approved an $8.6 million budget for expenditures for the 2013-2014 school year, which includes a slight deficit. The district's operating budget is about $7.5 million, with an additional $1.1 million set aside for contributions to the Teachers' Retirement System. The $433,504 estimated deficit is largely due to a planned roof project. "If you remove capital improvements, it's in essence a balanced budget," Superintendent Tim Mahaffy said Wednesday.