Las Vegas School District Facing $180 Million Budget Deficit

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Clark County school board members learned Wednesday the true extent of difficulties they will face next year in balancing the fiscal 2012 budget. The anticipated shortfall, $180 million, is nearly 10 percent of the school district’s annual $2 billion budget.

Still feeling the pain from the deepest economic downturn in the county’s history, the school district is bracing itself for falling property tax receipts, reduced state funding and expected union raises. Concessions won last year from the teachers union are set to expire in July 2011. This week, the state of Nevavda mandated increased contributions to the teachers’ pension fund, a move expected to cost an additional $30 million for the district next year.

The Las Vegas Sun

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