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Officials at Hardin County Schools are waiting to learn more about the state’s economic situation so they can learn more about the district’s future.
The HCS board approved a draft budget for Fiscal Year 2015, to begin the budget cycle for the year. Gary Milby, associate superintendent for finance and support services, told board members the draft budget contains many uncertainties.
For the plan, Milby said he essentially is using the current budget as a placeholder until more is known about the district’s financial outlook.
The state legislature is crafting a budget this year, and decisions made by the General Assembly will greatly impact school district budgets.
“There are many unknowns until this budget has been developed by the legislators,” Milby told the board.
The general fund in HCS’ draft budget is currently set at $102.3 million, only slightly less than what is currently appropriated for the general fund. The draft budget shows local property taxes unchanged at $19.5 million, and the state funding at the same rate as well, $53.2 million.
Payroll for instruction personnel is budgeted at about $48.5 million and does not include any raises, Milby said.
Expenses and revenues will remain the same or increase for the capital outlay, building and construction funds, according to a decision paper presented to the board. The food service budget should remain about the same.
There is an expectation of increased transportation expenses because of increased fuel and parts costs.
The next step in the cycle, a tentative budget, will be brought to the board in May.
Kelly Cantrall can be reached at 270-505-1747 or email@example.com.