BRIDGEPORT — Go to the city school district’s website today and find something unique, a quarterly financial report. Haven’t seen one of those in a while.
It shows where the district is as of October 31, 2012. The district has a $225.4 million operating budget, but at hand at the moment is $215.8. The city still has to kick in its $5 million and the state $4.4 million in Educational Cost Sharing funds, according to district officials. To get its ECS money, the district had to submit an Alliance District application to the state detailing how it was going to use the money to improve student achievement. It was one of the first to do so. It is one of a handful still not approved. Not sure what the hold up is but state officials keep saying “they are close” to approving the district’s plan.
Meanwhile, the line item for teacher salaries looks red. Officials insist it is not.
The bottom line is a projection of a balanced budget, according to the report.
Also somewhat unique of late in the district.