Auditing error leaves Reading Schools out millions

Friday, January 04, 2013

The Reading School district is $11 to $15 million in the hole because of an auditing error.

The shortfall could put the payroll in jeopardy as early as March, leaving thousands of employees without a paycheck.

The district was already dealing with a $40 million budget gap.

It addressed that by closing five schools, eliminating 100 teaching jobs, and raising taxes.

The school board will hold a special meeting Monday to discuss the issue.

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