Columbia Public Schools is expected to spend over $17 million more than it will make in revenue next year, but leaders remain confident in budget planning for the district.
Chief Financial Officer Heather McArthur presented the proposed budget for the 2020-2021 fiscal year to the Columbia School Board on Wednesday evening. It reflects decreased revenue largely caused by the COVID-19 pandemic.
When the revenue loss is combined with the $26.2 million net increase in spending next year, the proposed operating budget predicts over a $17 million deficit.
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