The financial blueprint for hundreds of students in the Freeport School District is now sealed and delivered, as the Freeport's school board approves the district's budget for 2005-2006 school year.
"It's a conservative budget. We always overestimate our expenditures and underestimate our revenues, so we should be in pretty good shape by the end of the year," Freeport Supt. Dr. Peter Flynn said.
But a chunk of the budget's dollars drew concern from Freeport board member Dan Kreeger, the only member to vote against the plan. If you remember, last month, a Stephenson County judge ruled that the Freeport School District illegally levied taxes in 2001 for insurance based tort funds, but then spent that revenue for other purposes. The district says it’s corrected the error, and will shell out about three percent of the $40 million plan through tort funds.
"The risk management program we have is the same as Pearl City, and Pearl City was judged by the judge as being a solid program," Flynn said.
Supt. Flynn says the board will decide next month whether it will appeal the tort fund ruling. But for now, the superintendent is content with the district's financial plan moving forward.
"It will compensate our employees not what they're worth, but what we can afford without raising taxes," Flynn said.
A new budget for District 145, despite some board member worries on just how the spending is spread out.