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Tuesday, 22 September 2009 21:14 |
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Trustees are expressing outrage over the impacts of several Provincial initiatives on the District's financial picture. On top of the loss of the Annual Facilities Grant, worth 4.1 million dollars, the District is looking at more than four million dollars in addition costs from such things as the Harmonized Sales Tax, the Greenhouse Gas Reduction Target and increased Medical Services Plan premiums. The Board is looking to borrow the $2.3 million in capital projects promised prior to the loss of the Annual Facilities Grant and Administration will come back to the Board at next week's meeting with recommendations. The Board has also directed Administration to write a letter to the Education Ministry and the Finance Ministry outlining some of the impacts and seeking clarity on the outcomes of these new initiatives on the District. As a result of these additional costs, the Board will have to consider staff reductions and school closures.
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