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Putting the TDSB on Solid Financial Footing

Thursday, June 20, 2013
Categories: News Releases, Facility Services, Financial Services

After months of review and community consultation, Trustees with the Toronto District School Board have eliminated a projected $55 million deficit and have approved the 2013-2014 budget and long-term capital plan.
 
Approximately $27.3 million in savings were found in a number of areas including Facility Services, Central Staffing, and Information Technology. This is in addition to the $27.7 million in reductions to school-based staff allocations approved by Trustees in March.
 
Trustees also voted to take another important step toward ending the ongoing capital freeze put in place by the Ministry of Education by approving a long-term capital plan that identifies future priority construction projects. 
 
Quick Facts

- The 2013-2014 Operating Budget is approximately $2.9 Billion.
 
- In May, Trustees approved a capital deficit recovery plan that will eliminate the approximately $36.4 million deficit from older capital projects.

“We have balanced the budget in a way that not only puts the Board on solid financial footing, but ensures that students will notice little to no impact in their classrooms.”
- Chris Bolton, Chair, TDSB
 
“The Board continues to bring spending in line with Ministry funding, while still preserving programs that we know are important to our communities.”
- Donna Quan, Director, TDSB

Our Mission
To enable all students to reach high levels of achievement and well-being
and to acquire the knowledge, skills
and values they need to become responsible, contributing members of
a democratic and sustainable society.
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