Deficit Discovered In NISD - KTRE.com | Lufkin and Nacogdoches, Texas

12/16/05 - Nacogdoches

Deficit Discovered In NISD

The Nacogdoches Independent School District is facing a deficit. Taxpayers may not like what led to it.

The NISD School Board learned that the school bond fund is more than $99,000 in the red. Unauthorized purchases and expenditures are blamed for the shortage.

In 1991, voters approved a 46.8 million dollar bond issue. New school facilities are complete, but some bills remain.

Money for other projects is also needed. The district's auditors are now preparing a report to remedy the shortfall.

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