STEAMBOAT SPRINGS — The Steamboat Springs School Board on Monday night unanimously signed off on a $60,000 loan to retire a longstanding budget deficit at the North Routt Community Charter School.
The small charter school in Clark had been running with a budget shortfall greater than $51,000 for the last eight years, in violation of state statute.
Steamboat Finance Director Dale Mellor said low enrollment numbers at the campus in 2004 created a debt of about $112,000.
“Fast forward to today, and that $112,000 has been chipped away slowly and surely down to $60,000,” Mellor told the School Board. “This loan is our solution to doing something about it. It gets them out of the deficit and the state gets off of our back.”
The charter school receives its per-pupil state funding through the Steamboat Springs School District. The charter school technically is part of the Steamboat district.
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