Clark County School District officials are estimating a $68 million deficit for the upcoming academic year tied to arbitration awards.
District leadership sent a memo to school principals Monday outlining the financial situation.
They said the shortfall stems from providing teacher pay raises, larger health care contributes and a more recent arbitrators decision to grant higher pay to teachers who have advanced degrees.
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The district is asking each school and department to absorb the cost of their increased employee salaries in their respective budgets.
The revised school budgets are due May 16.