Wednesday, September 26, 2012
Projected $8.9 million deficit will mean cost-cutting measures, school officials said.
The same night the board announced plans to look for a new superintendent, the District 202 Board of Education on Monday approved the district 2012-13 budget with a projected $8.9 million operating fund deficit. The board will file an amended budget in late fall or early winter once it determines any cost-cutting measures it can implement or get further clarification on how the state of Illinois plans to fund education and the teacher pension obligations. The district also has about $7.5 million in surplus from the 2011-12 budget, and the board of education may use some or all of that surplus to pare down the deficit. The district is looking at non-personnel cuts first to help eliminate the deficit, board president Roger Bonuchi said. The …
Tuesday, September 25, 2012
The Valley View School District 365U passed its 2012-2013 fiscal year budget Monday night.
The Valley View School District 365U school board passed its 2012-2013 budget with a unanimous vote Monday night. The $275 million budget is $17.2 million more than the 2011-2012 budget. School officials said the addition of all-day kindergarten to the district accounts for $13.5 million of that increase. Salaries and benefits account for 71.7 percent of the budget, according to Gary Grizaffi, assistant superintendent of administrative services. Salaries are up 3 percent in the budget to $136,613,903 (49.7 percent of the total budget). Benefits are up 8.1 percent to $60,328,539 (22 percent of the total budget). Grazaffi said there was a net decrease of 7.93 positions from FY12 to FY13. Loss in revenue Three primary revenue sources for …
Monday, September 24, 2012
The Valley View School District 365U school board will vote on its proposed fiscal budget 2012-2013, among other items, at its meeting Monday.
The Valley View School District 365U school board will vote on its fiscal year 2012-2013 budget Monday night. Prior to the vote, the school board will hold a public hearing for its nearly $275 million budget. Big changes include: Also on the agenda is the approval of the annual administrator and teacher salary and benefits report. State law requires all school districts to post this report as of Oct. 1 annually. You can view the proposed report here. Patch will post more about the report later in the week. Consent agenda items: Action Reports - Superintendent:
Friday, September 21, 2012
You can view the budget online at vvsd.org before Monday's Valley View School District school board meeting.
You can view the budget online at vvsd.org before Monday's Valley View School District school board meeting.
Valley View School District 365U school board members will vote Monday on a nearly $274 million budget. The document is available by stopping in at the VVSD Administration Center at 755 Dalhart Avenue, Romeoville or by going to www.vvsd.org. The budget represents an increase of $5.1 million or 6.6 percent over last year, according to the Bugle. Big changes include: The district has $241,582,767 in operating funds, or an increase of $5.1 million from FY12, according to district documents. The budget includes projected revenues of $202,266,178 and expenses of $230,234,167. VVSD officials said last month the district's budget will be balanced by FY15. The district is utilizing its fund balance in the midst of a $13 million deficit from …
Tuesday, August 21, 2012
District 202 board to also consider placing locked gun safes in the district high schools and granted a five-year tax abatement to a global baked goods manufacturer
- SCHOOLS
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Tuesday, August 21, 2012
Plainfield District 202 has put its 2012-13 budget on public display with a projected $8.9 million operating fund deficit. The school board is working on ways to erase the deficit and will likely file an updated amended budget with the state in early 2013. Finances continue to change weekly, district officials said. Last month, the district anticipated an operating fund deficit of $8.1 million, but then district officials learned that its general state aid dropped by about $1.2 million. Other revenues, including Title I, funding increased. Meanwhile, state officials are trying to decide if teacher pension plan responsibilities will be shifted to local school districts. “We’re trying to put a puzzle together without all the pieces,” said …
Wednesday, August 15, 2012
The Valley View School District 365U tentative budget is available for public viewing until Sept. 24.
The tentative budget for Valley View School District 365U is now on display until mid-September for review by the public. The board will vote whether to adopt the $273 million budget at the Sept. 24 Board of Education meeting. Big changes include: The district has $241,582,767 in operating funds, or an increase of $5.1 million from FY12, according to district documents. The budget includes projected revenues of $202,266,178 and expenses of $230,234,167. VVSD officials said Monday the district's budget will be balanced by FY15. The district is utilizing its fund balance in the midst of a $13 million deficit from FY13. The district projects that deficit will shrink to $5 million in FY14. "We're headed in the right direction financially," …
Sunday, June 3, 2012
It's always good to be caught up on state politics. Here's an easy guide to what happened this week.
- GOVERNMENT
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Sunday, June 3, 2012
Editor's Note: This article was created by aggregating news articles from Illinois Statehouse News that were written by various Illinois Statehouse News reporters. SPRINGFIELD — The Illinois General Assembly passed a budget — almost on time — Thursday, with the Senate ending about 1:30 a.m. Friday. The budget spends $33.7 billion for the 2013 general fund — the result of months of negotiations, hearings and a dizzying array of spending and appropriations bills with last-minute amendments upon amendments. The budget, made up of several bills in the House and Senate, includes $6.5 billion for K-12 education, $1.9 billion for higher education, $5 billion for health and human services, and $1.6 billion for public safety. In a testament to how …
Sunday, May 20, 2012
It's always good to be caught up on state politics. Here's an easy guide to what happened this week.
Editor's Note: This article was created by aggregating news articles from Illinois Statehouse News that were written by various Illinois Statehouse News reporters. SPRINGFIELD — Illinois lawmakers must craft next year’s budget and fix huge deficits by May 31, but the closest they came to addressing those problems was a proposal to tax online gambling. Other issues from a proposed minimum wage increases to the Nation of Islam were getting everyone’s attention, as well. Betting on time, taxing iGaming Senate President John Cullerton, D-Chicago, wants legislators to approve his plan to tax and regulateInternet gambling in Illinois before Congress keeps the state’s hands off the industry. Under Cullerton’s proposal, a new Division of …
Wednesday, April 25, 2012
Village officials said they have been able to reduce expenditures by 21 percent and its workforce by 20 percent since 2008.
Despite a 3 percent increase in expenditures over the year before, Bolingbrook has approved a budget which will not ask residents to pay a higher property tax. The $98.4 million budget for the 2012-13 fiscal year was approved by trustees at Monday’s meeting. Village officials said since 2008 they have been able to reduce expenditures by 21 percent and its workforce by 20 percent. “While we have certain costs that continue to rise, we have been working to minimize the overall impact of those costs by cutting operational expenses and becoming more efficient with our personnel,” Bolingbrook Trustee Mike Lawler said. The village’s employee count has gone from 428 in 2007 to 353 full and part-time employees today, and officials said this has …
Clearwater
7:22 pm on Friday, September 28, 2012
I am so glad a few people see what has happened administratively. I was concerned the public would be negative against teachers saying no to the contract proposal. On the vvsd website anyone can see the "Administrator Compensation Report". From 2010 to 2011 there was an approximate increase of over $1 million in administrator salaries and they went from 72 to 86 positions. Anyone can look and … more ›