Petersburg Pilot -

The Petersburg School District board held a discussion during its meeting on Tuesday covering where the district currently stands financially and its need for additional revenue to prevent a negative fund balance in FY24.

During the discussion, Superintendent Erica Kludt-Painter and PSD Director of Finance Karen Morrison gave a presentation detailing how funding has declined in recent years while costs have spiked.

According to their presentation, the true value of Alaska's school funding has dropped from a decade ago.

In FY12 the Base Student Allocation was $5,680 and while it eventually i...