Schools around the state of Illinois have been dealing with less funding for several years and the situation may only get worse for local school districts if Governor Quinn’s proposed education cuts are approved. Quinn called for more than $400-million in cuts to education at the elementary and high school levels, bringing the total cuts to education to more than $1-billion dating back to 2008. Locally, the Alton School District has managed to make due with less by being fiscally responsible. They continued along that path at Tuesday’s board meeting, approving $1.5-million in interfund loans.
$1-millon will be sent from the working cash fund to the education fund. An additional $500-thousand will go from working cash to transportation with both loans being repaid through the use of money received from property taxes collected in 2012.
Chris Norman, Director of Financial Services for the Alton School District, says that the transportation fund may be hit the hardest.
The district would also lose a substantial amount of general state aid if the budget passes. Norman says his early estimates show the district would receive $2.7-million less in state aid if it is pro-rated at 82-precent, bringing the total losses for the district to an estimated $3.7-million.