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Fulton Daily News

FCSD Unveils First Draft of Budget

The first draft of the 2016-2017 Fulton school district budget in its earliest form shows a 1.97% increase from the previous year’s budget. In its draft form, schools officials ensure many changes to the budget will still take place before the April 12 tentative date of approval as the first draft is awaiting definite figures from the state. The draft budget expenditure total of $69,995,533 is up $1,345,472 from the 2015-2016 school year budget, an increase of 1.97%. However, the revenues draft brings forth $69,292,952 which totals a shortfall of $702,581 in revenues needed for the budget despite a local tax levy of $20,583,063, an increase within the limit at $88,451 from the previous year.

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