Delayed release of the provincial budget has required the school board to adopt their 2019-20 budget based on assumptions. Overall, the board is projecting an operating deficit of $2.2M. This shortfall will be covered by reserve funds, however it will deplete most of the division's reserves.
The school board is trying to balance significant financial risks including continued funding shortfall in serving students with the greatest needs, declining enrolment in community schools, and depleting operating reserves and the division's dependency on them to retain service levels. The combined 2019-20 budget expenses for PHPS and ADLC is $80.67M.
Read more details in the June 26 Board News.
