Strait Regional School Board Budget 2015-2016 Overview

Strait Regional School Board Budget 2015-2016 Overview

The Strait Regional School Board approved an $80,986,041 budget for 2015-2016 during a Special Board Meeting on Wednesday, June 17, 2015.  The Strait Regional School Board’s provincial funding allocation was reduced by 2.2% for 2015-2016.   This reduction results in a $1,620,600 decrease from the 2014-2015 funding allocation. In addition, the Board must also cover inflationary cost pressures of $703,177. The net effect for the Strait Regional School Board is a budget reduction of $2,323,777.

In addition to cost pressures related to contractual obligations, the biggest budgetary challenge facing the Strait Regional School Board continues to be declining enrolment.  In 1996 when the Board was formed, there were 11,476 students enrolled.  Currently, during the 2014-2015 school year, there are 6,454 students, a decline of 44%.  Even in the last five years, the Board’s enrolment has declined by 766 students which is greater than the enrolment in our largest school.  In the School Board’s recently approved Long-Range Outlook, enrolment is projected to decrease by another 20% or approximately 1,200 students during the next 10 years.

Even with the ongoing decline in enrolment, the Strait Regional School Board has significantly benefitted from a number of provincial targeted funding initiatives by the Department of Education and Early Childhood Development to support student achievement.  Specifically, in the last number of years, the Board has seen an increase of $2,659,200 in provincial targeted funding initiatives.  This additional funding in the areas of mathematics support for students and class cap initiatives has allowed the Board to implement programming that it otherwise would not have been able to without the support of the Department of Education and Early Childhood Development.

Although declining enrolment will be a major challenge for the Strait Regional School Board on an ongoing basis, the School Board will continue to be focused on providing the students in the Strait Region with the best possible learning opportunities.