School budget growing, despite cuts

Wrangell's Public School Board approved a second draft for the upcoming year's budget, which begins in July.

The addition of $375,000 in funds from the school's capital improvement fund approved in January helped balance out the proposed budget, which assumes a five-percent reduction in the state's Base Student Allocation.

Over this year's budget – revised as of this month – revenues will be down in several areas for FY18. Foundation support will drop by around $240,000 to $3.12M, while retirement fund contributions have been revised down by around $30,000 since the last draft was reviewed in...

 

Reader Comments(0)