SAUGUS-Pack up your Halloween costumes and toss your tickets – the School Department’s $10,000 raffle and costume party has been canceled.Superintendent Keith Manville said there simply was not enough interest.”It’s too bad,” he said. “It would have been fun.”The Co-curricular Fundraising Committee, an arm of the School Committee, sponsors the raffle and uses proceeds to fund afterschool clubs and other programs.Partygoers had spent $135 to get two people into a costume party at the Hilltop Steak House for a buffet, comedy show, silent auction and raffles. The ticket also allowed for one person to be entered into the big drawing where the winner could walk away with all or part of $10,000.Manville said in order for the committee to break even, hand out the $10,000 prize and pay all its bills for the event, it needed to sell a minimum of 110 tickets.”That’s just tickets,” he added. “It doesn’t include all the raffles or silent auction.”To pay the bills and realize a profit, the committee had to sell a minimum of 140 tickets.Unfortunately Manville said only 96 tickets were sold.The fundraising committee met Monday and Manville said after some fairly extensive talks it decided to cancel Friday’s party and return the funds for tickets purchased thus far.Committee Chairman Christine Wilson said the abundance of raffle items the committee collected will be used at the Taste for Education fundraiser.”The money goes into the budget as well,” she said.The fundraising committee has sponsored the raffle for the last two years with varying degrees of success. Wilson said it initially decided to use the idea because it had been so successful in other communities.”Several years ago when they started all these budget cuts we decided to form this fundraising group,” she said.The goal was to fund the programs such as the math club, science club, chess club, the moving on ceremonies and elementary after school programs. Last year, the committee raised enough funds to also pay for after school elementary art and drama programs.With the cancellation of the raffle, funding for those programs next year is in jeopardy.”There is money in the kitty for this year, but after this year, they’ll be no money in the kitty to fund any of these programs,” Wilson said.Manville said the committee is in the process of contacting everyone who purchased $135 ticket.”We’ll issue a check from the School Department,” he said. “We want to let them know that’s how we’ll do it. It’s really too bad.”