This could be another lean financial year for Clark County Public Schools and school districts across the state.The Clark County Board of Education on Tuesday reviewed a draft budget for 2009 that includes the state-required 2 percent contingency fund - unless the Kentucky General Assembly mandates teacher raises.
Clark County Financial Director Stacey Clark said a 3 percent pay raise could leave the district with just 1 percent in its contingency fund, and a 5 percent raise could send it into a deficit.
State allocations for public schools through the Support Education Excellence in Kentucky program still face a decision by the legislature. In early January, Gov. Steve Beshear asked school districts to prepare for a 7 percent cut in SEEK, which uses a formula based on average daily attendance to determine funding.
Yesterday, Beshear proposed a budget plan that included no cuts to SEEK funding and no teacher raises.