Totally "head in the sand". Or another orifice! They're out of MONEY not because of not enough "money in" but because of too much "money out". Like SPENT! How much does it cost the taxpayer to employ a teacher? Total cost including pension, early retirement, benefits, days off, etc? What do they make per hour?
We dare not even ask these questions!
Get out the Vasoline folks, this is gonna hurt.
http://www.mlive.com/news/muchronicle/index.ssf?/base/news-10/1163780128287480.xml&coll=8
Although the district doesn't appear to be in imminent fiscal danger, declining enrollment along with double-digit health insurance and retirement rate increases will do major damage to the district's coffers within the next five years if the school board does not begin making some hard decisions on budget cuts, school officials reported.
"We're going broke," said Superintendent Terry Babbitt. "Some people want to get angry with the messenger, but it's reality. We're in a free fall ... and we're experiencing a growing financial crisis." ......
"Our financial situation is a perfect storm," said Babbitt. "All we can do is slow the rate of decline."
Although the district doesn't appear to be in imminent fiscal danger, declining enrollment along with double-digit health insurance and retirement rate increases will do major damage to the district's coffers within the next five years if the school board does not begin making some hard decisions on budget cuts, school officials reported.
"We're going broke," said Superintendent Terry Babbitt. "Some people want to get angry with the messenger, but it's reality. We're in a free fall ... and we're experiencing a growing financial crisis." ......
"Our financial situation is a perfect storm," said Babbitt. "All we can do is slow the rate of decline."
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