The Nampa School District’s financial hole keeps getting deeper. The most recent figure for the budget deficit in Idaho’s third largest district was a little more than $5 million. But at a school board meeting Tuesday night district officials revealed they also owe another $1.2 million in building bonds. The money had been used for general operations instead of being paid back on time.
That money will be paid from a more than $6 million loan the district plans to take out from D.L. Evans Bank. The district has been in talks with the bank for some time. A judge had already approved the loan. The board gave it the go ahead Tuesday night.
After the shortfall was discovered last August, the Nampa School District has spent the school year making cuts including to the substitute teaching budget and funds for supplies and transportation.
At Tuesday's meeting, Superintendent Thomas Michealson recommended cutting at least four administrative positions next year, but said it could be done mostly through attrition.
