In a narrow vote, the Vancouver School Board of trustees has passed a motion not to sell Vancouver school lands in a move which would’ve helped balance budgets for 2016 and 2017.
The Vision Vancouver trustees as well as Vice-Chairperson Janet Fraser all supported the motion, which according to an independent audit would’ve generated $72 million dollars a year and savings, as well as a one-time profit estimated at $750 million dollars.
Fraser says the motion passed by a vote of 5-to-4, meaning the school board will need to look at other options.
“We’re very early in our budget process and we haven’t had any options put forward to us by staff. I think this guidance from the board will give them a clear direction that this is one option that we do not want to explore.”
New solutions for that, she says, could take months.