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Surprise…you’re in deficit!

December 7, 2011

Up until just a few weeks ago,Woonsocket school officials were expecting a small surplus for the 2010-2011 fiscal year, but new numbers suggest otherwise. In fact, the school district has a $2.7 million operating deficit, according to an auditor.

Woonsocket Superintendent Giovonna Donoyan says the district is providing very little aside from the basics required by state and federal law.

“I can tell you we have cut to the bone,” Donoyan said. “This deficit is the result of following state law and federal law.”

School officials have scheduled a special Thursday meeting to review district finances with the city council.

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