In the wake of a General Revenue failure, the state Board of Education on Thursday revised its budget for public schools for this fiscal year to reflect $50 million in cuts. There's also been a reduction in another funding source for public schools called the Education Reform Revolving Fund. The fund receives money from income taxes, sales taxes, tobacco taxes and tribal gambling. The Board confirmed a $39 million shortfall in that fund. State School Superintendent Joy Hofmeister says the budget cuts will further hobble our state's ability to meet the needs of children and education our students. She says there are very few options left.