The board of trustees for International School of Louisiana plans to hold a public hearing Thursday on its proposed $16 million 2013-14 budget.

The meeting, called by the board’s finance committee, will be held at 5:30 p.m. in the cafeteria at the 1400 Camp St. campus Uptown.

According to the proposal, the charter organization, which runs two schools in New Orleans and one in Jefferson Parish, will be operating with a $699,753 deficit next year.

This year, the organization had a surplus of $656,028, figure show. Though the plan projects a 22 percent growth in revenues, it also anticipates a 34 percent growth in expenditures.

Editor’s note: An earlier version of this story linked to the wrong version of the budget than the one that showed a nearly $700,000 deficit. The story has been updated.