News from WHS!
Superintendent’s Corner by Dr. Rust
FISCAL YEAR 2014 BUDGET
In this corner of the school’s
website, I will provide you with current information about the budget
and the fiscal state of our school district. I begin this article with
a quote from the Alliance Legislative Report.
“Much work needs to be done on
crafting the FY 2014 state budget. Since the Governor unveiled his
spending priorities last month, House and Senate appropriations
committees have met to listen to testimony from interested stakeholders
but have not taken any specific action on the Governor’s proposals.
Governor Quinn’s budget plan would
pare another $300 million from the K-12 education budget with half
coming out of the General State Aid (GSA) line item and the other half
taken out of the transportation reimbursement funding stream. Given this
scenario, the GSA being paid to local school districts would be prorated
at 82% resulting in an effective foundation level of $5,452 per pupil.”
(Alliance Legislative Report)
information, the Waverly School District may lose as much as $97,000.00
next year in General State Aid alone. General State Aid is the money
that schools receive from the State of Illinois to supplement the amount
of local money a school district collects. These state funds augment
district dollars up to the foundation level of $6119 per student. With
this proposed decrease in General State Aid, our school district will
have to provide education to our students with only $5,452 per student.
This is a 10.9% decrease. Currently we are operating in the black
with some savings. As the legislature continues to work on a state
budget, our school district continues to adjust our budget accordingly.
If you have questions about the fiscal condition of our school
district, please call me at 435-8121.