The Ridgefield Board of Education says the projected deficit for the school year has gone down slightly, but red ink still exists. The shortfall of $1.3 million is now estimated to be about $98,000, achieved through personnel and medical benefit account savings. School officials are watching proceedings at the state capitol though, wary that more cuts in aid may be coming. A local spending freeze on controllable accounts remains in place. Unanticipated spending for new elementary teachers, special education and weather-related emergencies make up the bulk of the deficit.