JEFFERSON COUNTY, Colo. (CBS4) – The superintendent of Jefferson County Public Schools heard concerns from parents and teachers about budget cuts on Saturday.

Dr. Cynthia Stevenson says they’re not only planning for this year’s budget shortfall, but also next year’s.

“The future, as we look at it, as we see funding reduced, we’re looking next year at approximately $40 million worth of reductions again on top of this $40 million,” Stevenson said. “The good news is that we will probably get more out of the school finance bill than we projected. We will be able to put money back into the reserves.”

A final decision on where the cuts will be made in the Jefferson County School District is scheduled to be announced on Thursday.