GIBSON CITY, Ill. (WCIA) -- A public hearing will take place next month on the proposed budget by the Gibson City-Melvin-Sibley school board for this fiscal year, and it projects a deficit of nearly half a million dollars.

WCIA's partners with the Ford County Chronicle reported that with projected expenditures of $18.87 million and revenues of $18.46 million, the overall deficit is projected to be $413,200. The budget also anticipates ending the fiscal year on June 30, 2026, with a fund balance of more than $11 million.

Of the school districts nine operating funds, deficits are projected in the following four: • Maintenance fund (-$687,000) • Debt service fund (-$51,000) • Liability fund (-$46,000) • Transportation fund (-$6,200)

The school board unanimously voted to place the b

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