Wednesday, Nov. 17, 2010 | 7:53 p.m.
The Clark County School Board received a jolt Wednesday night — a report of a $180 million shortfall in the fiscal 2012 budget.
“Ouch,” one board member murmured.
The Clark County School District budget for fiscal 2012 is expected to be about $2 billion.
Jim McIntosh, the school district’s deputy chief financial officer, told board members that a $150 million of the shortfall is projected because of falling state funding, falling property tax receipts and expected employee pay increases when union concessions expire in the year beginning in July 2011.
In the past, union contracts have been as many as four years long, but last year because of the fiscal crisis, the unions, including the teachers union, agreed to one-year contracts.
In addition, the state this week required increases in the district’s contributions to the pension plan, the Public Employees Retirement System. That sum is projected to leave the district another $30 million short, McIntosh testified.
The shortfall is one of many problems looming next year as the state Legislature and Gov.-elect Brian Sandoval deal with a deficit of as much as $3 billion in a $6.5 billion two-year budget.
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