Head teacher, Kate Crees told the Shoreham Herald that they «had to fundraise to
cover a budget shortfall of approximately 4.5 per cent» and that «any final formula funding agreement will need to take this into account».
For instance, during the recent stimulus bill, Billions of dollars in federal tax dollars were diverted to states to
cover budget shortfalls, which had the indirect effect of preventing municipalities from declaring bankruptcy.
That year, 1976, was when Britain had to seek a loan from the International Monetary Fund to
cover its budget shortfall, a grim year of higher taxes and spending cuts.
By June, the city will have $ 29.4 million to
cover budget shortfalls.
To achieve that, the Devis can't keep dipping into their investments to
cover their budget shortfall.»
Instead, work to cut expenses or earn more income to
cover the budget shortfall.