McGuinty Government And Dufferin-Peel Catholic District School Board Welcome Return To Financial Stability



    Full Authority Returned To Trustees

    MISSISSAUGA, ON, Aug. 31 /CNW/ - The McGuinty government and the
Dufferin-Peel Catholic District School Board (Dufferin-Peel) today announced
that trustees are once again in charge of the board in recognition of its
return to financial stability and a commitment to a sustainable future.
    "We are pleased to return full control of board finances to local
trustees and we are confident that decisions moving forward will keep board
finances in balance and ensure students have the programs they need," said
Education Minister Kathleen Wynne.
    In the past year, the board's financial position has improved
considerably. In June, the board forecast a reduced deficit of $1.7 million.
New funding announced earlier this month for all boards will increase funding
for Dufferin-Peel by $7 million, for a total increase of $43.5 million for the
2007-08 school year. This increased funding will allow the board to eliminate
the projected deficit and file a balanced budget for 2007-08.
    "We appreciate the government's recognition that funding benchmarks have
created serious budget pressures for school boards," said Bruno Iannicca,
board chair. "The government has clearly demonstrated a willingness to
increase the benchmarks and give boards the resources they need to better meet
student needs. We welcome this step and look forward to 2010 and the review of
the funding formula."
    Other changes at the board include the approval of new financial by-laws
to govern financial decision-making and the implementation of a new budget
process which includes a significant role for the public.
    As a result of the decision to return full authority to trustees, the
service of the co-management team chair, Norbert Hartmann, is complete as of
August 31, 2007. He was appointed in October 2006 to assist the board in
balancing its budget.
    "Since coming to office, the McGuinty government has been doing business
differently with boards, respecting the work they do at a local level with
students and their communities," said Wynne. "I put great value on the role of
trustees in serving their communities and their schools. We can now start a
new chapter in working together for the people we serve."
    "Trustees are unequivocal in their commitment to ensuring the future
financial stability of this board," said Iannicca. "We are pleased to turn the
page and, in a spirit of co-operation and collaboration, focus on our common
goal to give Dufferin-Peel students the tools they need to achieve success.
This is a good day for Dufferin-Peel."

    Disponible en français

    
                              www.edu.gov.on.ca
                           www.ontario.ca/progress
    





For further information:

For further information: Michelle Despault, Minister's Office, (416)
212-3747; Patricia MacNeil, Communications Branch, (416) 325-2676; Bruce
Campbell, General Manager, Communications & Community Relations, Dufferin-Peel
Catholic DSB, (905) 890-0708, ext. 24466/(905) 609-1480; Public Inquiries:
(416) 325-2929 or 1-800-387-5514; TTY: 1-800-263-2892

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Ontario Ministry of Education

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