The board voted unanimously to use the school’s $300,000 line of credit to cover the deficit, which one leader attributed to the cost of taking over Joseph A. Craig Elementary.
The budget meeting will be held at 5:30 p.m. at the school.
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The board plans a June 19 public hearing on its proposed $10.7 million budget.
The troubled nonprofit got the money last year to train students in converting cooking oil to diesel fuel.
Only two board members, chair Cornelius Tilton and member Eva Alito, attended Saturday's budget hearing.
The board will meet at 9 a.m. at the school's Carrollton campus.
Formed with the support of 94 percent of staff, The Morris Jeff Association of Educators will be solely comprised of the school's employees.
School hired security to protect new heating and cooling units from potential theft.
School finance leader says he isn't counting on increases in grant funding for special education students.