School board passes $8.7 million balanced budget

The Petersburg School District Board unanimously approved the $8.7 million balanced budget Tuesday night. The budget calls for 78 percent of the funding to come from the state and foundation, 20 percent from city and the remaining 2 percent in local revenues comes from various grants and donations.

The expenditures for next year have not changed much from FY12. The district is expected to spend 72 percent of its budget on instruction. The remaining budget goes toward heating, maintenance, landscaping, equipment and other costs.

“To have a balanced budget at this point, in a time with all the f...