{"id":87703,"date":"2024-12-05T08:57:34","date_gmt":"2024-12-05T13:57:34","guid":{"rendered":"https:\/\/theturtleislandnews.com\/?p=87703"},"modified":"2024-12-05T08:59:17","modified_gmt":"2024-12-05T13:59:17","slug":"deficit-the-only-way-northland-can-use-reserves","status":"publish","type":"post","link":"https:\/\/theturtleislandnews.com\/index.php\/2024\/12\/05\/deficit-the-only-way-northland-can-use-reserves\/","title":{"rendered":"Deficit the only way Northland can use reserves"},"content":{"rendered":"

By Pearl Lorentzen Local Journalism Initiative Reporter Northland School Division will likely have a larger than expected deficit this school year, but it will allow them to come in line with the government school reserve policy. At the Nov. 22 meeting, Douglas Aird, Northland secretary-treasurer, reported on the 2024-25 budget. Northland will have about $1 million less revenue, Aird told the board, because of having 71 fewer students from the previous year and over 100 less than projected. The division was already planning on having a deficit, the lower revenue will increase this. The extra money will come from reserves. This isn\u2019t necessarily a bad thing, said Aird, as the divisions current reserves are higher than the provincial rules. Running a deficit allows the division to bring this closer to… <\/p>\n

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By Pearl Lorentzen Local Journalism Initiative Reporter Northland School Division will likely have a larger than expected deficit this school year, but it will allow them to come in line with the government school reserve policy. At the Nov. 22 meeting, Douglas Aird, Northland secretary-treasurer, reported on the 2024-25 budget. Northland will have about $1 million less revenue, Aird told the board, because of having 71 fewer students from the previous year and over 100 less than projected. The division was already planning on having a deficit, the lower revenue will increase this. The extra money will come from reserves. This isn\u2019t necessarily a bad thing, said Aird, as the divisions current reserves are higher than the provincial rules. Running a deficit allows the division to bring this closer to... <\/p>\n

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Log in here<\/a><\/div><\/div><\/div>","protected":false},"author":101363,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-87703","post","type-post","status-publish","format-standard","hentry","category-national-news","category-ticker","pmpro-level-required","pmpro-level-3","pmpro-level-2","pmpro-level-5","pmpro-level-4","pmpro-level-6","pmpro-level-7","pmpro-no-access"],"yoast_head":"\nDeficit the only way Northland can use reserves - The Turtle Island News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/theturtleislandnews.com\/index.php\/2024\/12\/05\/deficit-the-only-way-northland-can-use-reserves\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Deficit the only way Northland can use reserves - The Turtle Island News\" \/>\n<meta property=\"og:description\" content=\"By Pearl Lorentzen Local Journalism Initiative Reporter Northland School Division will likely have a larger than expected deficit this school year, but it will allow them to come in line with the government school reserve policy. At the Nov. 22 meeting, Douglas Aird, Northland secretary-treasurer, reported on the 2024-25 budget. Northland will have about $1 million less revenue, Aird told the board, because of having 71 fewer students from the previous year and over 100 less than projected. The division was already planning on having a deficit, the lower revenue will increase this. The extra money will come from reserves. This isn\u2019t necessarily a bad thing, said Aird, as the divisions current reserves are higher than the provincial rules. 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