ORANGE PARK, Fla. -- Action News has learned the Clay County School District is looking at a $9 million shortfall.
Superintendent Charlie Van Zant says there is a big hole in the district's budget.
"If a family lives here and can't find a job, they have to move."
He says the reasons for the shortfall vary.
"There are a number of factors, but our issues don't have to do with frivolous spending," said Van Zant.
The district's budget reserves are so low, the state may take over. School board member Janice Kerekes says that could mean trouble. "It's not our personal checkbook," said Kerekes.
Right now, the next Clay school budget sits on a razor's edge. Only 2.5 percent of its projected general fund revenue sits in reserve funds. If that falls below two, the state could take over. Right now, no one knows where they'll make up the money. "That's the scary question, where to find the money," said Kerekes.
While they crunch the numbers, families are just hoping it doesn't affect their child's education.
The superintendent says their focus is on the students. "We have some maneuvering, and fiscal belt tightening to do," said VanZant.
School board members think they can get the reserve funds back up to 3 percent. Right now the overall operating budget is expected to be around $250 million. The school board will have several budget meetings over the next few months to figure out what to do next. They hope to have a budget approved by September.he Clay County School District is looking at a $9 million shortfall next year.