Limestone BOE OKs 2008 budget
By Holly Hollman
firstname.lastname@example.org · 340-2445
ELKMONT — Department heads made 10 percent cuts from their budget requests, thus helping the Limestone County Board of Education get into the black.
The board held its second budget hearing for fiscal 2008 on Tuesday in Elkmont.
During the first hearing, requested expenditures were $150,000 more than expected revenue.
Finance Director Jonathan Craft said he asked departments to make 10 percent in cuts
on things like equipment and supplies. Those cuts, combined with outside grants to pay for some programs, reduced the system’s expenditures to less than its revenue.
The board should end fiscal 2008 with $420,127 in revenue over its expenditures.
The additional 1.5 mills of property tax that voters approved statewide should increase revenue. Also, Craft said, sales tax revenue has increased an average 7 percent per year during the past three years.
“We should be able to restore what was cut later on in the fiscal year,” Craft said.
The board approved its $80.5 million budget and its $100.8 million capital plan.
The capital plan is for five years. The board does not have to complete the plan but must provide a list of projects to the state.
The projects include:
Buying land and paving at Tanner in 2008.
New elementary feeder schools for Clements, Elkmont and East Limestone high schools in 2009.
New gyms for East Limestone, Ardmore and West Limestone high schools and Owens Elementary in 2010.
Save $84.50 a year off our newsstand price:
Subscribe today for only 38 cents a day!