The Quincy Public School Board has unanimously approved a $77 million balanced budget while tackling state budget cuts.
The board met in special session Wednesday morning to conduct a public hearing on the 2012-13 budget.
The school board learned last week it will receive a half a million dollars less from the state than originally planned this school year.
So principals around the district were asked to cut costs by 20%.
The budget was revised after being introduced in August, reducing all purchased services, supplies, capital outlays and other items which came to nearly $340,000.
"Fortunately in transportation right now we do have some fund balance so we're able to absorb some of the loss in that area. If the trend continues and the state continues to reduce their reimbursement for transportation we're going to have to look at what we would do as far as making further cuts," said Joel Murphy, business manager for QPS.
This latest reduction from the state comes just months after the district slashed $1 million dollars from its budget including teacher layoffs.
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