Unit 4 official happy with district's finances
CHAMPAIGN – The Champaign school board approved a deficit budget last month.
This month, it approved a contract giving 4.5 percent raises to teachers for each of the next three years.
So how is it going to pay for the raises?
The district is in a good position financially, says Chief Financial Officer Gene Logas. Actually, its finances look even better than they did just a few days ago.
Logas received word this week from auditors that the district's expected budget surplus from the last fiscal year – which he had estimated at about $2 million – will be closer to $3 million.
News-Gazette Archive
The full story is available in our paid story archive.
Advertisement
Also on this date
- Arrestee in fatality released; investigation continuing
- Forest preserve district seeks funds for fixes
- UI study-abroad students learning to reduce carbon footprint
- Health Alliance's chief medical officer stepping down
- Champaign council to discuss proposed property tax levy
- Three area initiatives earn 2008 Governor's Home Town Awards
- Champaign police seeking info about Bank Champaign robbery
- Two vying to be Vermilion County auditor
- Voters in six area counties to decide on retaining judges
- Obituaries