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The Vandalia Board of Education on Tuesday passed a budget for the current school year that shows a $1.58-million deficit in the four operating accounts over which the board has spending control.
And even though the district still has a balance of $3.82 million in the bank to help it bridge the funding gaps, the state requires any districts in a deficit spending situation to develop a “deficit-reduction plan” to work its way out of the shortfall.
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