With other school corporations facing drastic cuts and bond issues to make up for dwindling revenues in the coming years, La Porte Community Schools is expecting to remain solvent on its current earnings.
During a public hearing last night at the school board's regular meeting, chief financial officer Rande Thorpe said the corporation is looking at a slightly decreased budget for next year, but still expects to keep expenditures at $55 million
He said the reduction is around $187,000 in its budget for the 2012-13 school year.
School board president Mark Kosior said many school corporations are having to take drastic measures involving increased taxes and lay-offs of dozens of employees to maintain a lower level of service.
"We're taking a very conservative approach and we're budgeting so we won't be in that position," he said.
Thorpe said the decrease was due to an expected tightness in the capital projects and transport funds, which are based on the county's tax collection and hasn't been dependable of late.
The capital projects fund is being used now only for technology increases and maintenance to conserve money.
The general fund isn't in the same category, he said, because it's now provided entirely by the state based on a student head count.
He said he was basing the budget on a $1.2 billion assessed tax value, which is lower then the roughly $1.3 billion tax value expected this coming year.
http://heraldargus.com/articles/2012/07/19/news/local/doc5006197197b48889894790.txt
Thorpe said the decrease was due to an expected tightness in the capital projects and transport funds, which are based on the county's tax collection and hasn't been dependable of late.
The capital projects fund is being used now only for technology increases and maintenance to conserve money.
The general fund isn't in the same category, he said, because it's now provided entirely by the state based on a student head count.
He said he was basing the budget on a $1.2 billion assessed tax value, which is lower then the roughly $1.3 billion tax value expected this coming year.
