Lagging state aid impacts Virginia schools
On Monday evening, Virginia School Board members learned that state government’s ongoing inability to meet its fiscal obligations will leave Virginia with an estimated $140,000 budget hole at the end of this fiscal year.
However, it is anticipated about $64,500 of the shortfall will be paid sometime after the July 1 start of the 2016 fiscal year. This is money for the district’s regular and special education transportation funds. However, the state will not pay additional money due to the district.
To meet this fiscal year’s needs, the board unanimously approved loaning money from the working cash fund. The education fund will receive $150,000, operations and maintenance will receive $20,000 and $10,000 will go to transportation.
School Superintendent Brent O’Daniell said Virginia’s budget situation is similar to other area school districts.