CINCINNATI, OH (FOX19) - The Cincinnati Board of Education approved the 2013-14 budget for Cincinnati Public Schools (CPS) on Monday, which educates 33,000 students in the district.
Officials say the General Fund Budget of $474,464218 is balanced within available revenue and no overall increases in expenditures.
In a press release, Superintendent Mary Ronan said the budget advances the district's major academic goals, such as early literacy, implementing more rigorous K-12 academic standards, preparation for college readiness in CPS high schools and implementing technology into the curriculum through blended learning experiences.
Ronan said the budget also was finalized without major cuts to student services, including transportation or requiring 'pay to play' charges for participation in sports and other extracurricular activities.
"I believe this budget keeps the focus on learning, students and families," she said.
For the third consecutive year, the budget also avoids the practice of borrowing against future-year tax receipts, according to CPS Treasurer Diana Whitt.
The district's projected $52 million deficit last fall was erased by eliminating positions, reducing non-personnel spending and consultant contracts and monitoring of current-year expenditures. CPS officials say also contributing were increases in real estate and utility property tax revenue, sales of district property and state funding changes.
Both Ronan and Whitt also revealed in the release that the district's 5-year forecast continues to project fiscal challenges in coming years.
"There is no room for increases," Whitt said.