Good news for the Greater Essex County District School Board.
Trustees heard higher enrollment and energy saving upgrades to schools have helped with the board’s bottom line at Tuesday’s night meeting.
The board achieved a $6.1-million surplus for the 2017 fiscal year.
Board Vice Chair, Ron LeClair, says the board was facing a capital deficit of $13-million a year ago.
LeClair says it was it was around 16 million three years ago.
That amount now stands at $4.5-million and it could be paid off in two years.
LeClair says the surplus will help pay for the continued upkeep and improvements to schools – and pay down debentures for the construction costs of an existing school in LaSalle.
