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TLDSB commits $4 million from reserve to cover COVID expenses

in Education by

Local trustees approved the spending of up to $4 million of their financial reserve to cover COVID related expenses for the 2020-2021 school year.

The board voted unanimously “to access surplus funds up to 2 per cent of the board operating budget to come from the surplus to be used at the discretion of senior management.”

At the same meeting the board announced a $220 million dollar budget with a $995,000 deficit for the 2020-2021 school year.

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