Medical Lake School Board inks school year budget
Last updated 8/8/2019 at 8:02am
The Medical Lake School Board approved a new school budget on Tuesday, July 30.
The details were outlined for board members by district staff at a public hearing held before the board’s regular monthly meeting.
The $5.2 million 2019-2020 district budget represents a $600,000 revenue shortfall the district is offsetting by dipping into its general fund.
That same scenario is built into the district’s four year revenue projection that, assuming nothing changes, will nearly deplete the current $3 million general fund by 2023 academic year, according to budget documents.
But district offici...