June 16, 2014
The Albemarle County Board of Supervisors has approved helping out the school system.
The schools came up about $1 million short for next year, and the county agreed Monday to step in to help. They allowed the schools to transfer funds from other accounts.
Supervisors approved transferring just under $1 million between the schools’ account. The schools say the revenue shortfall is mostly because of the change in the University of Virginia’s health insurance policy.
Three other factors that impacted the budget for the schools were the dip in state sales tax revenue, fewer students than originally projected and a change in state funding for salaries.
The school board says the gap is actually lower than expected because they saw the trouble coming on some things and were able to set aside some money to cover it.