Weathersfield Schools faces deficit by 2012

MINERAL RIDGE — Weathersfield Board of Education has learned the district faces a deficit by the end of 2012.

Treasurer Laurena Rouhan said projections are subject to change, for example, if a boiler breaks, or something else affects the budget. The district’s expenditures, however, will exceed its income by a little more than $200,000 starting in fiscal year 2009, which begins July 1, she said.

In 2010, expenditures will exceed revenue by $809,510. Both those deficits will be covered by a cash reserve the district has accumulated over the years.

An actual deficit of $516,212 is anticipated for 2012, however.

The projected deficit Rouhan and Superintendent Michael Hanshaw explained is a result of the loss of $1.3 million in revenue from personal tangible property taxes. The phase-out of the tax will be in 2011.

For the complete story, see Saturday’s Vindicator and Vindy.com.