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TVDSB budget for 2024-25 | CTV News [Video]

The Thames Valley District School Board (TVDSB) released its $1.2 billion preliminary budget for the 2024-2025 school year.

Linda Nicholls, associate director of education with the TVDSB said the most important takeaway from the 2024-2025 budget is there will be no job loss for any permanent employee of Thames Valley.

“Everyone will remain within their job classification, they may have a new job assignment, but they will still have the same job classification,” said Nicholls.

The budget outlines ‘significant budget pressures’ that the board says are outside of its control.

Those pressures include unfunded statutory benefits, short-term supply costs for absences, and special education costs, amounting to $30 million.

The budget shows a net reduction of 126.7 staff as a result of funding cuts, reallocation, and attrition. These are full time positions that will become vacant. The board says it will not be filling these positions at this time.

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