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Separate schools' deficit up $3 million Trustee blames previous board
[Final Edition]
Toronto Star - Toronto, Ont.
Author: By Peter Small Toronto Star
Date: Oct 11, 1996
Start Page: A.6
Section: NEWS
Abstract (Document Summary)

The Metropolitan Separate School Board's projected deficit has ballooned to $14.7 million - almost $3 million higher than previously thought.

The accumulated deficit is up $2.3 million because of unexpectedly low tax revenues from Etobicoke and North York and another $534,000 because of higher-than-budgeted employee benefit costs, trustees have been told.

Last night the board voted to continue allowing schools to spend money they have saved from their budgets in one year for use in subsequent years.

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