January 19, 2016 at 1:07 a.m.
Breaking: Financial outlook improves
Jay School Board
Breaking: Financial outlook improves
The financial outlook for Jay School Corporation has improved, with business manager Brad DeRome now projecting a general fund budget surplus of nearly $200,000 for 2016.
DeRome’s original estimates during the budget review and approval process in August and September called for deficit spending of more than $250,000. He explained at Monday’s school board meeting that the improvement came in part because of changes to the school funding formula that worked in Jay County’s favor and further staff cuts.
The board also approved raises for support staff and some administrators.
For more on the meeting, read Tuesday’s edition of The Commercial Review.
DeRome’s original estimates during the budget review and approval process in August and September called for deficit spending of more than $250,000. He explained at Monday’s school board meeting that the improvement came in part because of changes to the school funding formula that worked in Jay County’s favor and further staff cuts.
The board also approved raises for support staff and some administrators.
For more on the meeting, read Tuesday’s edition of The Commercial Review.
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