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Elizabethtown Independent Schools officials are hoping for good news out of Frankfort now that they’ve begun the budgeting process for fiscal year 2015.
The Elizabethtown Independent Schools board approved the district’s draft budget at its Tuesday night meeting, after discussing it at a meeting last Thursday.
The draft budget is the first one crafted in the budget cycle, and Finance Director Denise Morgan budgets conservatively in the beginning.
“(The) draft budget’s the worst budget you look at,” she told board members. As the year goes on, a clearer financial picture develops and ways for revenue to grow are found.
Like school districts across the state, EIS is waiting to learn about the state budget to be drafted during this legislative session. State money for education has been cut year after year, Morgan said, and board members discussed their frustration last week. Board Chairman Tony Kuklinski said he’d like to plan out the district’s financial future for the next several years. Board member Matt Wyatt agreed, saying the cuts are more of a way of life than just temporary belt-tightening.
“I think we need to get out in front of this,” Wyatt said.
The general fund for fiscal year 2015 is expected to be about $19.1 million, a drop from $19.8 million in the current budget. The state money source, Support Education Excellence in Kentucky, is projected to be about $9.2 million and local tax revenue from real estate is expected to be about $3.5 million.
Salaries for instructional staff are projected to be about $8.7 million and include a pay increase based on experience.
Kelly Cantrall can be reached at 270-505-1747