LIMESTONE COUNTY, AL (WAFF) - Officials say a million-dollar mistake could force the Limestone County School system to dip into their reserves.
Kim Hubbard, the Chief School Financial Officer, says they need to add $1.8 million to the budget for debt service, an amount that had previously been left out.
As it stands right now, the school system does not have one month's worth of funds in the reserves, and taking out this money would only further empty the pot.
This is all stemming from a report released by our media partners at the News Courier.
Superintendent Tom Sisk said it's too early to comment on any cuts to next year's budget, but that they will take the necessary steps to be in compliance with the law to meet reserve requirements.
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