Budget surplus at Windsor-Essex Catholic school board

The Windsor-Essex Catholic District School Board is now registering a surplus after projecting a deficit of more than $2 million for the 2012-13 fiscal year.

The Windsor-Essex Catholic District School Board is now registering a surplus.

The board was projecting a deficit of more than $2 million for the 2012-13 fiscal year. That has changed to a surplus of $5.4 million.

There are several reasons for the improvement, including cost-cutting measures and higher enrolment.

Mario Iatonna, superintendent of corporate services, said a reduction in retirement benefits was most significant. That cut saved the board $4.7 million.

Iatonna also said the board is now in a position to register surpluses for the next four years.

"It gives the board more flexibility with respect to programming and the board will not have to look at reductions in programming staffing moving forward," he said.

Board chair Barb Holland said she was "speechless" when she heard the news.

"I's something you hope for, something you work for," she said. "But to accomplish it is quite something."

The board's annual budget is around $250 million.

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.