Post by title1parent on Oct 27, 2009 5:17:09 GMT -5
www.dailyherald.com/story/?id=332001&src=76
Dist. 87 staff cuts to increase
By Marco Santana | Daily Herald 10/27/09
Staff reductions are expected next year at Glenbard High School District 87 as officials look to offset decreased state funding and a drastically reduced consumer price index, which directly affects a district's property tax revenue.
Assistant Superintendent for Business Services Chris McClain said Monday that the district must reduce spending by about $4.5 million per year during the next five years in order to meet projections that right now place expenditures far above anticipated revenue.
The number of reductions will not be clear until students choose their classes for the 2010-2011 school year at the start of next year.
"Over the next five years, we must reduce expenditures or face the Financial Watch List," McClain told board members at Monday's meeting.
As part of that $4.5 million, roughly $1.7 million will come out of the education fund, which includes teachers' salaries. Another $2 million will come out of the operations and maintenance fund and a combined $530,000 from the transportation fund and other reductions.
McClain said about $270,000 of stimulus money could be used in the education fund to offset some of the reductions.
A public meeting will be held Nov. 4 on the situation.
"We are wrestling as a country, state and local government with challenges that are out there in the world," board Vice President F. Thomas Voltaggio said after McClain's presentation. "We are going to have to make some tough choices. The money's not in Springfield. Our communities are under duress right now."
The consumer price index's current rate of 4.1 percent seems like a windfall compared to the rate schools will use next year. The rate will plummet to a decades-old .1 percent, drastically limiting the property tax levy Glenbard can impose.
State law caps that rate at either five percent or the CPI, whichever is lower.
Dist. 87 staff cuts to increase
By Marco Santana | Daily Herald 10/27/09
Staff reductions are expected next year at Glenbard High School District 87 as officials look to offset decreased state funding and a drastically reduced consumer price index, which directly affects a district's property tax revenue.
Assistant Superintendent for Business Services Chris McClain said Monday that the district must reduce spending by about $4.5 million per year during the next five years in order to meet projections that right now place expenditures far above anticipated revenue.
The number of reductions will not be clear until students choose their classes for the 2010-2011 school year at the start of next year.
"Over the next five years, we must reduce expenditures or face the Financial Watch List," McClain told board members at Monday's meeting.
As part of that $4.5 million, roughly $1.7 million will come out of the education fund, which includes teachers' salaries. Another $2 million will come out of the operations and maintenance fund and a combined $530,000 from the transportation fund and other reductions.
McClain said about $270,000 of stimulus money could be used in the education fund to offset some of the reductions.
A public meeting will be held Nov. 4 on the situation.
"We are wrestling as a country, state and local government with challenges that are out there in the world," board Vice President F. Thomas Voltaggio said after McClain's presentation. "We are going to have to make some tough choices. The money's not in Springfield. Our communities are under duress right now."
The consumer price index's current rate of 4.1 percent seems like a windfall compared to the rate schools will use next year. The rate will plummet to a decades-old .1 percent, drastically limiting the property tax levy Glenbard can impose.
State law caps that rate at either five percent or the CPI, whichever is lower.