Troy School Board OKs balanced budget
By Marianne Eisenbrandt For The Herald-News September 24, 2012 8:44AM
Updated: November 3, 2012 6:03AM
JOLIET — Troy School Board recently approved a balanced budget for the 2012-13 school year of $47.8 million, a 7 percent decrease over last year.
Diane Cooper, business manager, said the district has planned for $42.8 million in operating funds expenses and $5 million in capital projects and debt service payments.
Cooper said major expenditures are Instructional Services, $21.4 million, Support Services, $11.8 million, and Construction and Life Safety Projects, $1 million.
It was noted that 85 percent of the district’s revenues are received from local property taxes, registration fees, and lunch receipts. The state provides 12 percent of the revenues and the federal government provides 3 percent.
She said the 2012-13 operating cuts were approximately $1.6 million and non-operating reductions totaled $2.5 million.
“The board of education held the 2011 tax levy rate to the same rate as 2010,” Cooper said.
In other business, the board heard from Donna McCaw, vice president of Common Core Services, who gave a presentation on Troy’s journey as well as important next steps for the district regarding Common Core.
In June 2010, the state of Illinois adopted a new set of learning standards called the Common Core State Standards. These standards will require students to think at a deeper level than before.
McCaw said Troy’s plan for implementation of the Common Core State Standards is as good as any she has seen.