Thu September 22, 2005
Hamilton School Board Approves Budget
Hamilton, IL – The Hamilton School Board has approved the district's budget for the current fiscal year. Hamilton's total spending plan is about $4,850,000 for the fiscal year that began in July. About 75% of that is the educational fund, which pays for teacher salaries and day-to-day operations within the district. Superintendent Steve Breckon says for the first time in years, that fund is projected to end the year in the black. He says that is due to the voters shifting part of the property tax rate to the educational fund. The educational fund takes into account pay increases for teachers, staff, and administrators. One recent development that the district had to factor in is the rising cost of natural gas and diesel fuel. Breckon says he doubled the projection for diesel fuel for this current year. The spending plan also takes into account a reduction in General State Aid, due to the district's enrollment falling by 24 students, compared to last year.