Board approves $229M budget, with rare surplus
The Greater Victoria school board has approved a $229-million overall budget for 2017-18 that includes a rare surplus.
Board members had been concerned about having a difficult time with the budget, but a lowerthan-expected structural or ongoing deficit was more than covered by funds put aside to offset it — leaving a surplus of $1.4 million.
The surplus is not connected to the district’s $155-million facilities maintenance deficit, which includes child-care programs.
The board has not decided how to allocate the surplus but is considering options, including the following: • Up to $500,000 to put toward the 2018-19 deficit anticipated to be from $4.1 million to $4.6 million. • Up to $400,000 for shop areas, including upgrades to safety and ventilation. • $400,000 to help teachers with implementing increased use of devices such as iPads and Chromebooks.