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Schools face $1.32M deficit

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Murphy: Construction projects the cause

The projected budget for the 2014-15 fiscal school year was presented by the Lincoln Parish School Board Chief Financial Officer George Murphy at the regularly scheduled meeting Tuesday night.

Murphy said the estimated ending fund balance for the beginning budget is $29,645,311 with a deficit of about $1.32 million.

Murphy said the deficit is due in part to nonrecurring expenditures for capitol improvements planned for the current school year.

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