View Comments MANITOWOC - Despite passing a $4.3 million referendum this spring, the Manitowoc Public School District is still looking to pare down its spending. According to Superintendent Mark Holzman, the district wants to reduce the schools’ yearly budget by $1.3 million over the next three years. In October, the Manitowoc School Board passed an $81.2 million budget for the 2020-21 year. “We have been using fund balance for the past two years to balance our budget, and that is not a fiscally sound way to continue to maintain our budget, nor is it a good long-range plan,” he told the Herald Times Reporter. “So we want to reduce about $1.3 million over the next three years from our operating budget so that we’re not relying on fund balance or our savings account to balance our budget.”