FISCAL FORECAST

FISCAL FORECAST

Youngstown city schools

Spending will continue to outpace revenues, resulting in a growing general fund budget deficit, according to a five-year financial forecast. An * includes $15 million state loan to balance the budget. Numbers might not add due to rounding. Projections show:

2007— July 1 balance: -$275,551; Revenue: $119,343,517*; Spending: $116,779,767; June 30 balance: $2,287,199.

2008— July 1 balance: $2,287,199; Revenue: $103,344,805; Spending: $117,212,072; June 30 balance: -$11,580,068.

2009— July 1 balance: -$11,580,068; Revenue: $103,110,690; Spending: $118,856,507; June 30 balance: -$27,325,886.

2010— July 1 balance: -$27,325,886; Revenue: $102,887,166; Spending: $112,403,912; June 30 balance: -$36,842,632.

2011— July 1 balance: -$36,842,632; Revenue: $103,020,164; Spending: $114,503,721; June 30 balance: -$48,326,189.

Source: Youngstown city schools