DALLAS — Expecting a budget shortfall of about $15 million for fiscal 2010, trustees of the Fort Worth Independent School District announced a financial emergency this week as they take steps to plug the gap.

Officially declaring the district is in a “financial exigency” clears the way for the board to begin cutting jobs if they decide to go that route.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.