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District Officials Watch Pension Talks Closely

Story by WBGZ Radio

The Alton School district has continued to hold its own financially over the last few years, but that could change quickly if state legislators decide to shift pension costs onto local school districts. Several local school districts continue to receive less from the state as general state aid and transportation reimbursement funds are cut. 

Another issue plaguing districts is that the sate is behind in making it's payments according to District Director of Finance Chris Norman.

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Norman was given permission to begin drafting a preliminary budget for the next fiscal year last week.  He says he is cautiously optimistic that the district will again have a balanced budget, but reminds that the pension funding discussion at the state capital is being watched closely.  Illinois House Speaker Mike Madigan has expressed a desire to shift some of the burden to local school districts, an idea facing strong opposition from lawmakers outside Chicago.

(Copyright WBGZ Radio/ www.AltonDailyNews.com)

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