Gateway balances 2014-15 school budget with $1.8 million from reserve fund
The Gateway School Board decided Wednesday to dip in to the rainy day fund in lieu of a tax increase.
A $70.2 million budget approved for the 2014-15 school year will include a $1.8 million transfer from the reserve fund to the general budget. The tax rate will remain at 18.9 mills.
The school board voted 8-1 in favor of the budget. Jan Rawson, who voted no, said she disagreed with school officials' use of reserve funds for the third consecutive year.
“It's like taking money out of your savings to balance your budget at home,” Rawson said. “We've done that the last two years, so hopefully we won't have to do it again next year.”
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