Financial crisis looms for many Ontario school systems

As children across Ontario headed back to school Tuesday, Progressive Conservative Leader John Tory pledged to improve public education by initiating an urgent review to fix the provincial funding formula and increase annual funding by $2.44 billion over the next four years. Currently, one out of every four school boards in Ontario is facing financial crisis. Many have been forced to cut reading recovery programs, let basic maintenance slide, and raid reserves to balance their budgets. People for Education report that school boards are receiving over $180 million less than their actual costs in transportation and support staff. Read the news release at CNW Group.