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Toronto District School Board says using reserve funds to cut class size a financial risk

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COVID-19 concerns is a financial risk.Charlene Jackson says the Toronto District School Board has already set the millions in reserve funding aside for future obligations.Education Minister Stephen Lecce said Thursday that boards will be allowed to access $500 million of their own reserve funds to achieve physical distancing in classrooms.

Coronavirus: Ontario allows boards to tap into reserve funds, 4 unions allege back-to-school plan breaks law In a memo to trustees, she says it would not be “prudent or good financial management” to use the funds to cover the entire cost of smaller class sizes.The government will also spend $50 million to update school ventilation systems, and another $18 million to hire principals and support staff to.

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