Virginia school board adopts new budget with ‘relatively small’ deficit
Faced with ongoing state funding uncertainty, the Virginia School Board on Monday evening adopted a $3.8-million budget with what is considered to be a relatively small deficit.
Barring an improbable increase in state aid payments, the 2015/2016 Virginia budget will run a $159,000 deficit. School Superintendent Brent O’Daniell told board members state aid payments are down by $100,000. He noted that current state funding is supposed to provide schools with only 92 percent of their allowable state aid during the current school year. However, many experts believe actual state aid payments will fall short of the 92 percent mark.
In addition, the deficit was fueled by a 32 percent increase in the Ameren Illinois delivery service charges that took effect July 1. Also, the board had previously approved a $50,000 expenditure for a new reading series.