Catholic schools predict $355K deficit for next year
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The Medicine Hat Catholic Board of Education will start the 2021-2022 school year with an expected deficit of more than $300,000.
“Everyone wants to know, ‘What’s the meat?’ Well, the meat is that we have a deficit budget,” said secretary treasurer Greg MacPherson during a live-streamed budget meeting on Wednesday. “The good news is that this budget can be funded through reserves. Like what occurred last year – we have to seek permission from the minister to access our accumulated operating reserves.
“We will be applying to use $355,565 and we expect to hear permission from the minister before the middle of July.”