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Unit 5 leaders consider details of proposed strategic plan, along with mid-year budget update wglt.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wglt.org Daily Mail and Mail on Sunday newspapers.
Unit 5 plans $16 million in fund transfers to balance its budget wglt.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wglt.org Daily Mail and Mail on Sunday newspapers.
Unit 5 is reaping the benefits of the state’s replacement tax revenue coming in higher than projected. The the district intended to transfer $11.7 million from its working cash fund to cover key fund deficits, but instead it only needed $8.4 million.
Unit 5 leaders say the district's proposed budget has a $12.5 million structural deficit, but that’s about 20 percent, or $3.5 million, less than projected.