NORMAL- A sales tax increase report and the results of a budget audit are up for discussion at the Unit 5 school board meeting Wednesday.
For the third year in a row the district has managed to keep its finances out of the red, but staff say it hasn't been easy. The state pension crisis, reduced funding, and cutbacks at the federal level have made dollars tight in recent years.
But leaders say there is good news. Based on the findings of an independent auditor, they've kept their accounting practices in check. This year's operating budget is about $150 million.
"Coming in year after year and being able to not only stay within the budget authority the board adopts-but continuing to add to surplus and make sure we're staying out of the red is...I'm proud of it,” said Erik Bush, Unit Five Business Manager.
Unit Five's superintendent will also present information about a proposed county-wide sales tax. The 1 percent increase would help improve school facilities.
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