The general fund budget for the Iberia Parish School Board is in a deficit situation.  This year's deficit is projected to be about 1.8 million dollars from the general fund.

Budget information was presented to the board this week.  Superintendent Dale Henderson says that there were lower property values this year due to the ongoing drilling moratorium since the pace of getting approval over the last year was very slow.  Henderson also says the major increases to the retirement accounts and other costs added to the deficit.

Henderson says this year's deficit is actually smaller than last year's deficit of 2 and 1/2 million dollars.