UNIT 5, Ill. — School leaders in Unit 5 are discussing plans for this school year, and they’re starting with the budget.
On Wednesday district leaders got their first look at the budget for the 2019-2020 school year. Despite a deficit in the education fund, leaders are feeling good about it.
That’s because, in 2018 the school board created a 2-year budget plan outlining what they would do to cover their expenses. Business Manager, Marty Hickman, says they already know how to make up the deficit.
“We anticipated where our expenses were going and how fast our revenue was growing,” said Hickman. “We will be using the working cash funds that we sold over a year ago to cover the structural deficit that we have this year, meaning we will have a balanced budget.”
As we know the teacher minimum wage is moving up to $40,000 by 2023, so for the second year in a row teachers in Unit 5 will be getting a pay raise.
It should be noted however, this is just a tentative budget, leaders will vote on a final budget in late September.