The message at the March 21, 2012 school board meeting was that the district does not have the money to fund all of the current educational programs. There are possible staff cuts and the reclassifying of full time teachers to part time.
Typically, board and the administration point the finger at the state for the financial problems. They claim the state does not properly fund education.
The truth of the matter lies in how the board wastes millions in non-academic pursuits.
The board spent $2,500,000 on an athletic complex. They incurred legal fees of $500,000 defending the non-payment to a middle school contractor.
The contractor not only received the $1,400,000 due, but with fines and interest the court awarded Amthor Steel another million.
Most recently, the district approved another refinancing scheme in order to hide the $6,000,000 buy out of an interest rate swaption. The board thought they could predict interest rates over a period of time and they lost.
The new arrangement tucks the $6,000,000 into debt, but leaves the prospect of another buy out nightmare in the next few years. They used another interest rate swaption to finance the swaption that went sour.
If school directors and the administration managed taxpayer funds in a judicious manner, they would not be facing the prospect of eliminating educational programs.