The budget news is getting even worse for the Wake County school system.
Chief Business Officer David Neter told school board members today to expect a 3 percent state funding cut for this fall that would cost the district $20 million. He said this cut would directly impact the classroom.
Neter said plans on where the cuts would be made will be presented to the finance committee next week.
This $20 million in state cuts comes on top of an existing $20 million budget shortfall that will lead to layoffs of more than 70 employees and other cuts to existing services.
And if the news couldn't get more bleak, Neter told the board that they're now looking at a projected $5 million shortfall in this year's budget in fines and forfeitures, interest income and e-rate income.
Neter said departments were told last week to freeze non-essential spending to try to cover the $5 million.