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The District 70 Board of Education approved a $53 million budget in their meeting last Wednesday for the 2012-13 school year. The general fund number is about $1 larger than the budget for the school year just completed.
Included in the budget was a step increase for District 70 employees after a two year wage freeze. The step increase had actually been approved in April but was part of the budget approval. The cost for the wage increase is expected to be about $760,000. The increases are automatic raises based on education and seniority.
As part of the budget the board also approved $6.9 million toward replacing the existing Dell computers with Apple Mac Books and iPads as part of their ongoing technology initiative. The project will be financed over four years at a .8% interest rate.
The capital reserve fund is budgeted $2.9 million next year. Of that amount, $5.3 million will go to Charter Schools and $6.8 million for bond redemption. The next meeting of the District 70 board will be on July 10 at 6:00 p.m. at the Baxter Learning Center. The public is invited to attend.