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Using a conservative enrolment projection, the public school board is expecting a small surplus for the upcoming school year.
Trustees with the Upper Canada District School Board passed the $383-million budget unanimously Wednesday night. The budget is a nearly-two-per-cent increase from the previous year.
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Presented by superintendent Jeremy Hobbs, the budget projects a year-end surplus of $351,092. This would bring the total accumulated surplus of the board to just over $10 million by August next year.
The board will receive $383,001,747 in revenues and is projecting expenses of $382,650,655. Both the revenues and expenses are an increase of about $7 million compared to last year.
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