RSU 19 considers loan to help with budget shortfall | News
NEWPORT, Maine (NEWS CENTER) --- Residents in Newport and Etna's school district are still trying to sort out a plan to deal with a massive budget shortfall going into this school year.
Leaders for RSU 19 held another meeting with the public on Tuesday night. The unit is facing a shortfall of about $1.3 million going into this academic year. Incoming superintendent Greg Potter says that's because past administrators over estimated what the district's fund balance would be for the last two budget years. He says previous leaders also forget to collect payments from towns in the unit for district wide projects.
Potter is recommending RSU 19 take out a $3 million loan to offset the shortfall. Otherwise he says massive cuts will have to be pursued.
In order for the unit to take out a loan, the move has to be approved by voters in RSU 19 both at a meeting and in a referendum. The school board will be meeting with the public again on September 18.