2013-2014 Budget Receives Final Approval

budget image 130-97The 2013-2014 Garden Valley School Division Budget received final approval at the March 12 board meeting. The finalization of next year's budget follows a series of board strategic planning and budget meetings, and community consultation meetings, that began on January 3, 2013.

On January 28, the government announced that provincial funding for public schools for 2013-14 will see an increase of 2.30% ($27.2M). The final budget reflects a number of important factors that required board consideration as the division prepares for 2013-2014. Following the strategic planning meeting held on January 25, 2013, the board has committed to focus on student literacy and professional learning communities for 2013-14. In addition to new expenditures for 2013-14 in the areas of salaries/benefits, services, and materials/equipment, the board has also committed to some new expenditures for next year. Literacy initiative support, reductions in student user fees, infrastructure upgrades, and clinical services are the major areas that will receive new funding. Provincial revenue covers about 68% of the total operating costs of education, while local taxes must cover the remaining 31%. Regarding property taxes for the 2013-2014 budget year, the community will see a Special Levy increase from $14,715,195 to $15,788,695 ($1,073,500 or 7.3%) and a Mil rate increase from 19.12 to 19.81 (3.61%).

For more details on the 2013-2014 budget, please also see:  pdfBudget_Presentation-Board_Meeting_Mar_2013.pdf