Following a Monday night public hearing, the Paradise school board adopted a budget for the 2014-15 school year that shows a deficit.
Under the proposed spending plan, the district will bring in $11,631,211 and spend $11,845,134 – expenditures exceeding revenue by $213,923. That amount will come from the district fund balance, which acts as a savings account, according to Interim Superintendent Bob Criswell.
The board also adopted $1.34 per $100 in property value as next year’s tax rate – $1.04 for maintenance and operations and 30 cents for debt service. That means a homeowner with a home assessed at $100,000 would owe $1,340 in property taxes.
BUS LEASE APPROVED
Criswell was given the authority to lease a new bus that can transport handicapped children, to replace the current bus. He said the district has to transport at least three wheelchair-bound children.
“That old bus didn’t want to start this morning,” he said. “We got it going, but to say the least it’s on its last legs.”
To purchase a new bus, the school would have to spend about $95,000 – money it does not have. Criswell plans to lease a bus, with the lease amount going toward the purchase price so that by the end of the lease, the school district will own it. He said it does cost more, but the district wouldn’t have to pay the whole amount at once.