Sioux City Community School District addresses budget shortfall at meeting Saturday

The district may dip into reserve funds, for the upcoming fiscal year

SIOUX CITY, Iowa - The Sioux City Community School District is dealing with a budget shortfall.

It may have to dip into reserve funds, for the upcoming fiscal year. 

School district officials met with state lawmakers Saturday, to discuss their $118 million shortfall.

School leaders emphasized, they will likely be dipping into cash reserves and won't be able to pay it back in a timely manner. 

At least one lawmaker at the meeting,  found that news troubling.

"It's very rare for the state to dip into our reserve accounts. Since I've been there, this is the first time that it's happened. This is the first time this has happened in many years and it's also fairly rare for the state to be dipping into its reserves when we're not in a recession," says State Representative Chris Hall. 

School board members expressed concern about having to utilize the district's 'rainy day' fund.

They said, they'll likely have no choice to maintain current standards.

 

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