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Greater Essex County District School Board
Building Tomorrow Together Every Learner, Every Day
Board Declares Budget Surplus

Trustees sitting at desks during public board meeting.jpgAt the GECDSB Board of Trustees November public meeting, administration shared that the Board had realized a $6.2 million dollar budget surplus in the 2016-17 school year. An increase in enrolment and the elimination of some outstanding financial liabilities contributed to the turn-around from what was anticipated to be a $1.2 million deficit over the year.

Chair of the Board Kim McKinley was delighted with the news, "As a Board we have made some tough decisions over the last several years that have supported our Mission statement:  Confident Learners, Engaged Communities and Ethical Stewardship. Our Board's commitment to Ethical Stewardship has helped guide excellent decision making from a fiscal perspective and as a Board we are thrilled to see that these tough decisions are making a difference in reducing our debt.  We expect to eliminate our entire Capital Deficit within the next two years. As always I am GECDSB Proud as we continue Building Tomorrow Together!"

The surplus is being used to pay down a portion of the Board's existing capital debt, which will further improve the overall financial situation.