It’s being felt in Knox County, as the Knoxville News-Sentinel reports:
Knox County Schools’ budget is expected to be down by $4.4 million for next school year because of the coronavirus pandemic.
Around a third of the school district’s budget comes from sales tax revenue, which has dropped significantly because of COVID-19, said Ron McPherson, assistant superintendent and chief financial officer. In total, the district had to cut about $10 million in order to balance the budget, he said.
The projected budget for the 2021 fiscal year is $503.8 million, down from $506.7 million for the 2020 fiscal year, Superintendent Bob Thomas announced last week at a virtual community budget meeting. The school board will vote on the proposed budget on Wednesday.
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