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Thursday, October 13, 2011

School District 8 Projected To Be In The Red Ink

School District 8 is predicting a 200-thousand dollar budget deficit for the current fiscal year.

Director of Finance Chris Toole tells CHSJ News while the final figure is not set in stone, the red ink is definitely a concern.

He says there are many factors that could make the final number higher or lower as the cost of heating, fuel for buses, and sick days are wildcards that affects the final number.

However, he adds that the 2 million budget cut as ordered by the province definitely cost the district some much needed flexibility.