Schools face budget deficits of up to £500000 and thousands mull over cuts to teaching staff due to higher costs and frozen incomesState schools in England are facing budget deficits of around half a million pounds each,with thousands contemplating cuts of up to 20% in teaching staff and larger course sizes as they struggle to cope with increased costs and lower incomes.
Head teachers and budget managers said that they were being forced to turn to financial reserves in order to make ends meet, with one finance officer admitting that he would rush out of options for their school budget as soon as 2016/17.
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Source: theguardian.com