- Associated Press - Friday, October 2, 2015

CHARLESTON, S.C. (AP) - Charleston County school board members say the school district is facing an $18 million shortfall after overestimating property-tax revenues and miscalculating payroll costs.

District officials told Charleston local media on Thursday that the district will freeze hiring, and curb out-of-district travel in the wake of the shortfall.

School Board member Todd Garrett says the $18 million shortfall represents about 2 percent of the district’s budget. Garrett says the board’s Audit and Finance Committee is meeting Monday to discuss further cuts. Officials say the cuts that are not expected to lead to layoffs or furloughs.

Board member Chris Collins blamed the error, in part, on Chief Financial Officer Michael Bobby having been overloaded with wide-ranging responsibilities.

Bobby declined The Post and Courier’s request to comment on the shortfall.

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