DALLAS (CBSDFW.COM) - The Dallas School District is getting a dismal look at its financial future, and parents and teachers aren’t happy.

The district is reporting an estimated $25 million deficit for next school year.

To balance the budget, trustees have been given reduction recommendations that include 300 layoffs for teachers, closing nine elementary schools, and no pay increases for anyone.

“If we do cut teachers,” said DISD trustee Edwin Flores, “we have a policy that allows us to do it based on performance, so we keep our best.”

The school district has more than $100 million in its fund balance. But it’s unclear if any of that money will be used to address the budget deficit.

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